Exploring the Socio-Economic Impact of Electric Vehicle Innovation
Exploring the Socio-Economic Impact of Electric Vehicle Innovation
Authors
Mohd Hakim Bin Abdul Hamid
Fakulti Pengurusan Teknologi dan Teknousahawan (FPTT), UNIVERSITI TEKNIKAL MALAYSIA MELAKA (Malaysia)
Fauzan Sholeh
Fakulti Pengurusan Teknologi dan Teknousahawan (FPTT), UNIVERSITI TEKNIKAL MALAYSIA MELAKA (Malaysia)
Isma Addi Jumbri
Fakulti Pengurusan Teknologi dan Teknousahawan (FPTT), UNIVERSITI TEKNIKAL MALAYSIA MELAKA (Malaysia)
Rita Indah Mustikowati
Faculty Economics and Business, Universitas PGRI Kanjuruhan Malang, Malang (Indonesia)
Supami Wahyu Setiyowati
Faculty Economics and Business, Universitas PGRI Kanjuruhan Malang, Malang (Indonesia)
Ati Retna Sari
Faculty Economics and Business, Universitas PGRI Kanjuruhan Malang, Malang (Indonesia)
Publication Information
Journal Title: International Journal of Research and Innovation in Social Science (IJRISS)
Author(s):Mohd Hakim Bin Abdul Hamid;Fauzan Sholeh;Isma Addi Jumbri;Rita Indah Mustikowati;Supami Wahyu Setiyowati;Ati Retna Sari
Published On: 03/12/2026
Volume: 9
Issue: 28
First Page: 356
Last Page: 366
ISSN: 2454-6186
Cite this Article Mohd Hakim Bin Abdul Hamid;Fauzan Sholeh;Isma Addi Jumbri;Rita Indah Mustikowati;Supami Wahyu Setiyowati;Ati Retna Sari,Exploring the Socio-Economic Impact of Electric Vehicle Innovation,Volume 9 Issue 28, International Journal of Research and Innovation in Social Science (IJRISS),356-366, Published on 03/12/2026, Available at https://rsisinternational.org/journals/ijriss/view/exploring-the-socio-economic-impact-of-electric-vehicle-innovation
Abstract
This study examines the factors influencing electric vehicle (EV) innovation in Malacca, with a focus on the relationships between social impact, economic impact, and government policy. Using a quantitative research approach, data were collected through surveys and analyzed using multiple regression techniques. The findings reveal that social impact, driven by public awareness and inclusivity, has the most substantial positive influence on EV innovation. Economic impact, while significant, presents challenges due to high upfront costs and limited infrastructure. Government policy, including tax incentives, subsidies, and investments in infrastructure, also plays a crucial role in fostering EV adoption and technological advancements. The study emphasizes the importance of an integrated approach that involves policymakers, industry stakeholders, and society to address barriers and promote sustainable transportation solutions. This research contributes valuable insights into EV innovation, providing a foundation for future studies and practical recommendations for accelerating EV adoption in Malaysia.
Keywords:
Socio-economic, Electric vehicle innovation