This study explores
the dynamics of value creation and appropriation in the emerging UK electric
vehicle (EV) market through the technological, regulatory, economic, and
consumer demand factors. The research further explores correlations between
R&D expenditures, patent activity, and market variables specific to the UK
with support through Porter’s Value Chain, the Invention-Based View with
Teece’s Appropriability Framework, and Disruptive Innovation Theory. Findings
show that innovation creates value on an international scale; however, it does
not necessarily impact the UK’s immature market share. Tesla’s open-portfolio
strategy suggests that pushing for market maturation, mixed with strategic
infrastructure development and consumer engagement, is crucial to drive
long-term value appropriation.
The study concludes that aligning innovation with
market readiness and regulatory frameworks is key to fostering a sustainable
and competitive EV industry. While global innovation sets a foundation, the UK
market requires targeted strategies to overcome its dependency on incentives
and limited infrastructure. This research provides actionable insights for
professionals and policymakers, emphasizing the importance of infrastructure
investment, regulatory clarity, and consumer-focused initiatives to achieve a
sustainable transition toward a matured UK EV market.
