Business Model Canvas and SWOT Analysis on the Purchases Feasibility Electric Vehicles in Denpasar City

  • Ni Luh Kadek Dwi Kartika Shanti Universitas Mahendradatta
  • Ni Wayan Ari Sudiartini Faculty of Economics, Mahendradatta University, Denpasar, Indonesia
  • Ni Putu Yuli Tresna Dewi Faculty of Economics, Mahendradatta University, Denpasar, Indonesia
Keywords: business feasibility studies, business model canvas, electric vehicles, sustainable development goals, swot analysis

Abstract

The use of electric vehicles is currently one of the main ways to achieve one of the main targets and goals of the Sustainable Development Goals (SDGs), namely Climate Action or a form of focus on handling climate change and realizing fossil energy security. Although electric vehicles have more positive impacts on the environment and the community, their usage is still relatively low compared to conventional vehicles. This research aims to determine the feasibility of purchasing electric vehicles at Uwinfly Arjuna Bali. Uwinfly Arjuna Bali uses Business Model Canvas and SWOT analysis to create the right sales and promotion strategy to encourage public interest in electric vehicles. This research uses qualitative descriptive methods. The data used in this study was obtained from interviews, documentation, and literature studies. The application of the IFAS Matrix, EFAS Matrix, IE Matrix, and SWOT Matrix is used in SWOT analysis. In addition, to find out the market conditions in the Uwinfly Arjuna Bali business, a feasibility assessment of non-financial and financial aspects is also carried out. The analysis using the Business Model Canvas indicates a need for development in customer segmentation. The results of the SWOT Matrix analysis show that Uwinfly Arjuna Bali’s business is strong and likely. In the analysis of business feasibility aspects, it can be concluded that Uwinfly Arjuna Bali’s business is worth pursuing.

References

Almutairi, K., Hosseini Dehshiri, S. J., Hosseini Dehshiri, S. S., Mostafaeipour, A., Hoa, A. X., & Techato, K. (2022). Determination of optimal renewable energy growth strategies using SWOT analysis, hybrid MCDM methods, and game theory: A case study. International Journal of Energy Research, 46(5), 6766–6789. https://doi.org/10.1002/er.7620

Barman, P., Dutta, L., Bordoloi, S., Kalita, A., Buragohain, P., Bharali, S., & Azzopardi, B. (2023). Renewable energy integration with electric vehicle technology: A review of the existing smart charging approaches. Renewable and Sustainable Energy Reviews, 183, 113518. https://doi.org/10.1016/j.rser.2023.113518

Bohnsack, R., Kolk, A., Pinkse, J., & Bidmon, C. M. (2020). Driving the electric bandwagon: The dynamics of incumbents’ sustainable innovation. Business Strategy and the Environment, 29(2), 727–743. https://doi.org/10.1002/bse.2430

Breuer, J. L., Samsun, R. C., Stolten, D., & Peters, R. (2021). How to reduce the greenhouse gas emissions and air pollution caused by light and heavy duty vehicles with battery-electric, fuel cell-electric and catenary trucks. Environment International, 152, 106474. https://doi.org/10.1016/j.envint.2021.106474

Cao, J., Chen, X., Qiu, R., & Hou, S. (2021). Electric vehicle industry sustainable development with a stakeholder engagement system. Technology in Society, 67, 101771. https://doi.org/10.1016/j.techsoc.2021.101771

Chirumalla, K., Reyes, L. G., & Toorajipour, R. (2022). Mapping a circular business opportunity in electric vehicle battery value chain: A multi-stakeholder framework to create a win–win–win situation. Journal of Business Research, 145, 569–582. https://doi.org/10.1016/j.jbusres.2022.02.070

Crossley, R. M., Elmagrhi, M. H., & Ntim, C. G. (2021). Sustainability and legitimacy theory: The case of sustainable social and environmental practices of small and medium‐sized enterprises. Business Strategy and the Environment, 30(8), 3740–3762. https://doi.org/10.1002/bse.2837

Dong, J., Wu, X., Liu, C., Lin, Z., & Hu, L. (2020). The impact of reliable range estimation on battery electric vehicle feasibility. International Journal of Sustainable Transportation, 14(11), 833–842. https://doi.org/10.1080/15568318.2019.1639085

Feng, S., & Magee, C. L. (2020). Technological development of key domains in electric vehicles: Improvement rates, technology trajectories and key assignees. Applied Energy, 260, 114264. https://doi.org/10.1016/j.apenergy.2019.114264

Galati, A., Giacomarra, M., Concialdi, P., & Crescimanno, M. (2021). Exploring the feasibility of introducing electric freight vehicles in the short food supply chain: A multi-stakeholder approach. Case Studies on Transport Policy, 9(2), 950–957. https://doi.org/10.1016/j.cstp.2021.04.015

Hajirasouli, A., Banihashemi, S., Kumarasuriyar, A., Talebi, S., & Tabadkani, A. (2021). Virtual reality-based digitisation for endangered heritage sites: Theoretical framework and application. Journal of Cultural Heritage, 49, 140–151. https://doi.org/10.1016/j.culher.2021.02.005

Husain, I., Ozpineci, B., Islam, M. S., Gurpinar, E., Su, G.-J., Yu, W., Chowdhury, S., Xue, L., Rahman, D., & Sahu, R. (2021). Electric Drive Technology Trends, Challenges, and Opportunities for Future Electric Vehicles. Proceedings of the IEEE, 109(6), 1039–1059. https://doi.org/10.1109/JPROC.2020.3046112

Husairi, M. A., Morgan, R. E., & Luca, L. M. De. (2021). Market entry timing: The impact of complementary capabilities on strategic outcomes. Journal of Business Research, 132, 45–55. https://doi.org/10.1016/j.jbusres.2021.04.004

Idris, A. M., Sasongko, N., & Kuntjoro, Y. (2022). Energy Conversion and Conservation Technology in Facing Net Zero-Emission Conditions and Supporting National Defense. Trends in Renewable Energy, 8(1), 49–66. https://doi.org/10.17737/tre.2022.8.1.00139

Islam, M. T., & Iyer-Raniga, U. (2023). Circular Business Model Value Dimension Canvas: Tool Redesign for Innovation and Validation through an Australian Case Study. Sustainability, 15(15), 11553. https://doi.org/10.3390/su151511553

Lamba, J., Gupta, B., & Dzever, S. (2020). Global Crisis of Sustainable Development and Global Warming: A Case Analysis of Indonesia and Laos. In Sustainable Development and Energy Transition in Europe and Asia (pp. 129–144). Wiley. https://doi.org/10.1002/9781119705222.ch7

Lazzeroni, P., Cirimele, V., & Canova, A. (2021). Economic and environmental sustainability of Dynamic Wireless Power Transfer for electric vehicles supporting reduction of local air pollutant emissions. Renewable and Sustainable Energy Reviews, 138, 110537. https://doi.org/10.1016/j.rser.2020.110537

Maghfiroh, M. F. N., Pandyaswargo, A. H., & Onoda, H. (2021). Current Readiness Status of Electric Vehicles in Indonesia: Multistakeholder Perceptions. Sustainability, 13(23), 13177. https://doi.org/10.3390/su132313177

Mengist, W., Soromessa, T., & Legese, G. (2020). Method for conducting systematic literature review and meta-analysis for environmental science research. MethodsX, 7, 100777. https://doi.org/10.1016/j.mex.2019.100777

Miretti, F., Misul, D., & Spessa, E. (2021). DynaProg: Deterministic Dynamic Programming solver for finite horizon multi-stage decision problems. SoftwareX, 14, 100690. https://doi.org/10.1016/j.softx.2021.100690

Rabbi, M. F., Popp, J., Máté, D., & Kovács, S. (2022). Energy Security and Energy Transition to Achieve Carbon Neutrality. Energies, 15(21), 8126. https://doi.org/10.3390/en15218126

Raouf, B., Mousavian, S., & Ghazinour, K. (2021). Interconnected and Complex Electric Power and Transportation Systems: a SWOT Analysis. Current Sustainable/Renewable Energy Reports, 8(4), 207–221. https://doi.org/10.1007/s40518-021-00193-5

Rochani, R., Sutopo, W., Zakaria, R., & Fahma, F. (2023). Conceptual Design of Business Model Canvas Mobile Battery Swap Charging Station. Jurnal Ilmiah Teknik Industri, 22(1), 1–10. https://doi.org/10.23917/jiti.v22i1.21247

Setiawan, A. D., Zahari, T. N., Purba, F. J., Moeis, A. O., & Hidayatno, A. (2022). Investigating policies on increasing the adoption of electric vehicles in Indonesia. Journal of Cleaner Production, 380, 135097. https://doi.org/10.1016/j.jclepro.2022.135097

Shaik, A. S., Alshibani, S. M., Jain, G., Gupta, B., & Mehrotra, A. (2023). Artificial intelligence (AI)‐driven strategic business model innovations in small‐ and medium‐sized enterprises. Insights on technological and strategic enablers for carbon neutral businesses. Business Strategy and the Environment. https://doi.org/10.1002/bse.3617

Sideri, L. (2021). Leveraging CSR for Sustainability: Assessing Performance Implications of Sustainability Reporting in a National Business System. Sustainability, 13(11), 5987. https://doi.org/10.3390/su13115987

Sjödin, D., Parida, V., Jovanovic, M., & Visnjic, I. (2020). Value Creation and Value Capture Alignment in Business Model Innovation: A Process View on Outcome‐Based Business Models. Journal of Product Innovation Management, 37(2), 158–183. https://doi.org/10.1111/jpim.12516

Tavory, I. (2020). Interviews and Inference: Making Sense of Interview Data in Qualitative Research. Qualitative Sociology, 43(4), 449–465. https://doi.org/10.1007/s11133-020-09464-x

Upadhyay, R. K. (2020). Markers for Global Climate Change and Its Impact on Social, Biological and Ecological Systems: A Review. American Journal of Climate Change, 09(03), 159–203. https://doi.org/10.4236/ajcc.2020.93012

van Zanten, J. A., & van Tulder, R. (2021). Improving companies’ impacts on sustainable development: A nexus approach to the SDGS. Business Strategy and the Environment, 30(8), 3703–3720. https://doi.org/10.1002/bse.2835

Venegas, F. G., Petit, M., & Perez, Y. (2021). Active integration of electric vehicles into distribution grids: Barriers and frameworks for flexibility services. Renewable and Sustainable Energy Reviews, 145, 111060. https://doi.org/10.1016/j.rser.2021.111060

Wibowo, A. (2023). Optimization Strategy of Transportation System Development in Improving City Competitiveness. The 7th International Conference on Accounting, Management and Economics, 421–440. https://doi.org/10.2991/978-94-6463-146-3_42

Yuliandari, E., & Violie, L. N. (2021). Electric Vehicle Policy Based on Juridical Foundation to Realize Environmental Resilience in Indonesia. International Conference For Democracy and National Resilience. https://doi.org/10.2991/assehr.k.211221.007

Ziegler, D., & Abdelkafi, N. (2022). Business models for electric vehicles: Literature review and key insights. Journal of Cleaner Production, 330, 129803. https://doi.org/10.1016/j.jclepro.2021.129803

Published
2024-01-23
How to Cite
Shanti, N. L. K. D. K., Sudiartini, N. W. A., & Dewi, N. P. Y. T. (2024). Business Model Canvas and SWOT Analysis on the Purchases Feasibility Electric Vehicles in Denpasar City. ICEETE Conference Series, 1(1), 90-102. Retrieved from https://prosiding.utp.ac.id/index.php/ICEETE/article/view/78