Economic Performance Analysis of a Resilient and Sustainable Supply Chain: Adoption of Electric Vehicles as a Sustainable Logistics Option

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Data Analytics for Supply Chain Networks

Abstract

Electric vehicles (EVs) can be seen as a significant technology that can help to create a more resilient and sustainable supply chain by reducing greenhouse gas (GHG) emissions and air pollution. With the recent focus on green sustainability, EVs have grown in popularity in many counties such as the United States, Germany, and China because of their zero emission. Driven by the incentives of electrified power trains, many companies are shifting from internal combustion engine vehicles (ICEVs) to EVs. Using the economic performance analysis, this research seeks to investigate the feasibility of adopting EVs into company logistics along with the identification of the key elements that influence its feasibility. A comparative study based on the economic aspects has been conducted between the ICEV, hybrid electric vehicle (HEV), and EV. This chapter implies that both EV and HEV outperform the traditional ICEV in terms of economic performance and they also have enormous potential as sustainable and resilient mobility solutions in a supply chain.

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Khan, M.M., Xames, M.D., Mahmud, P., Alam, S.T., Ibne Hossain, N.U. (2023). Economic Performance Analysis of a Resilient and Sustainable Supply Chain: Adoption of Electric Vehicles as a Sustainable Logistics Option. In: Ibne Hossain, N.U. (eds) Data Analytics for Supply Chain Networks. Greening of Industry Networks Studies, vol 11. Springer, Cham. https://doi.org/10.1007/978-3-031-29823-3_7

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