Impact of electric vehicles integration on environmental and social development with moderation of financial risk

Xinyi Wang and Xiaoling Liao

International Journal of Applied Systemic Studies, 2026, vol. 13, issue 2, 177-196

Abstract: Nowadays, electric vehicles (EVs) are crucial for reducing greenhouse gas emissions, improving air quality, and reducing reliance on fossil fuels. EVs dynamically contribute toward sustainable development, where multiple risks have been involved in the success of EVs. This study attempts to investigate the correlation of EVs (e.g., smart grid integration, renewable energy utilisation, vehicle-to-grid technology, connected infrastructure, autonomous driving integration, energy storage, smart charging solutions, and sustainability metrics) toward environmental development (EnVD). Second, using a similar approach, this study explored the connection between EVs and social development (SOD), drawing on the resource-based view (RBV). Third, how appropriate management of financial risk (FR) can moderate the relationships among EVs, EnVD, and SOD is another interesting objective of the research. After applying SEM statistical tool, this study confirmed a positive nexus between EVs, SOD, and EnVD. Likewise, a positive impact of financial risk was observed among the connections of EVs, SOD, and EnVD, respectively. The study enlists several interesting and fruitful applications behind the usage of EVs, which could improve environmental and social development. However, managing financial risk could play a significant role in this stream.

Keywords: electronic vehicles; environmental development; social development; financial risk management; resource-based view; RBV. (search for similar items in EconPapers)
Date: 2026
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