Dual credit policy: Promoting new energy vehicles with battery recycling in a competitive environment?

2020 ◽  
Vol 243 ◽  
pp. 118456 ◽  
Author(s):  
Jizi Li ◽  
Yaoyao Ku ◽  
Chunling Liu ◽  
Yuping Zhou
Keyword(s):  
Dual Credit ◽  
Competitive Environment ◽  
Credit Policy ◽  
Battery Recycling ◽  
New Energy ◽  
New Energy Vehicles

scholarly journals Production Forecast of China’s New Energy Passenger Vehicles in 2021–2023 under the Compliance of Dual-Credit Policy

2021 ◽  
Vol 12 (3) ◽  
pp. 119
Author(s):  
Li Lv ◽  
Xi Li
Keyword(s):  
Fuel Consumption ◽  
Dual Credit ◽  
Test Procedure ◽  
Credit Policy ◽  
Production Forecast ◽  
New Energy ◽  
Vehicle Test ◽  
Production Requirement ◽  
New Energy Vehicle ◽  
New Energy Vehicles

The corporate average fuel consumption (CAFC) and new energy vehicle (NEV) credit policy (2021–2023) was officially released in June 2020. As a mandatory regulation for automobile manufacturers to produce new energy vehicles, its impact on the output of new energy vehicles needs to be systematically evaluated. In this study, we build an enterprise policy compliance model to simulate the dual-credit policy requirements for the production of new energy vehicles from 2021 to 2023 under different scenarios. The results show that the production of new energy vehicles from 2021 to 2023 is required to reach 1.78 to 3.97 million under different scenarios. Three factors, i.e., switching from New Europe Driving Cycle (NEDC) to World Light Vehicle Test Procedure (WLTP) fuel consumption improvement of conventional vehicles, and credit per new energy vehicle, have a more significant impact on the new energy vehicle production than others. Under the minimum guarantee scenario, a 10% change in the above three factors will lead to a 2.5%, 1.5%, and 0.5% reduction in the production requirement for new energy vehicles.

Optimizing production of new energy vehicles with across-chain cooperation under China’s dual credit policy

Energy ◽  
2020 ◽  
Vol 194 ◽  
pp. 116832 ◽  
Author(s):  
Jizi Li ◽  
Yaoyao Ku ◽  
Yue Yu ◽  
Chunling Liu ◽  
Yuping Zhou
Keyword(s):  
Dual Credit ◽  
Credit Policy ◽  
New Energy ◽  
New Energy Vehicles

scholarly journals Effects of Dual Credit Policy and Consumer Preferences on Production Decisions in Automobile Supply Chain

2021 ◽  
Vol 13 (11) ◽  
pp. 5821
Author(s):  
Liangui Peng ◽  
Ying Li ◽  
Hui Yu
Keyword(s):  
Supply Chain ◽  
Consumer Preferences ◽  
Dual Credit ◽  
Market Competition ◽  
Chinese Government ◽  
Credit Policy ◽  
Production Decisions ◽  
New Energy ◽  
Decision Mode ◽  
New Energy Vehicles

New energy vehicles have a significant advantage in energy saving and environmental pollution reduction in the transportation industry; however, they are still at a disadvantage in the market competition. The Chinese government has introduced lots of policy measures to promote the mass adoption of new energy vehicles (NEVs), specifically the dual credit policy. Moreover, consumer’s preferences are vital factors in their purchase decision making. This study focuses on the production decisions of automobile manufacturers under the decentralized and centralized supply chain, considering the factors of both consumer preferences and dual credit policy. First, under the centralized decision mode, higher demand drives the manufacturer to expand production; however, retailers’ profits are harmed. With the increase in consumers’ environmental preference and cognition of endurance ability, market pricing and demand increase under the decentralized decision mode. The cross effects of preferences bring more profits for manufacturers and retailers. Second, the difference in prices and profits widens, under the two decision modes, as increases in consumer preferences’ value. When consumers have higher environmental preferences, manufacturers and retailers should increase the new energy vehicle pricing. Otherwise, they should decrease pricing to increase the market penetration ratio. In addition, the impacts of one preference on the profit difference are related to the other preference.

Development Status and Trend of New Energy Vehicles in China

2021 ◽  
Vol 1 (1) ◽  
pp. 10-15
Author(s):  
Sijin Ma ◽  
Jiahao Mai ◽  
Wanling Wang ◽  
Kemeng Yao ◽  
Deyu Li
Keyword(s):  
Energy Conservation ◽  
Market Share ◽  
Emission Reduction ◽  
The State ◽  
Competitive Environment ◽  
Sales Volume ◽  
Development Status ◽  
Online Consumers ◽  
New Energy ◽  
New Energy Vehicles

Under the background of energy conservation and emission reduction advocated by the state, the sales volume of new energy vehicles increased rapidly and reached new highs in 2021. However, many domestic new energy vehicles still face the problems of serious homogenization and low market share. In view of this situation, we mine and capture the data of online consumers and potential consumers, analyze consumers' preferences in combination with the knowledge learned, take Shenzhen BYD Co., Ltd. as an example, analyze its competitive environment, and finally put forward feasible suggestions.

scholarly journals Greenhouse gas consequences of the China dual credit policy

2020 ◽  
Vol 11 (1) ◽  
Author(s):  
Xin He ◽  
Shiqi Ou ◽  
Yu Gan ◽  
Zifeng Lu ◽  
Steven Victor Przesmitzki ◽  
...  
Keyword(s):  
Greenhouse Gas ◽  
Internal Combustion Engines ◽  
Dual Credit ◽  
Ghg Emissions ◽  
Passenger Vehicle ◽  
Credit Policy ◽  
Modeling Framework ◽  
New Energy ◽  
Vehicle Fleet ◽  
New Energy Vehicle

Abstract For over ten years, China has been the largest vehicle market in the world. In order to address energy security and air quality concerns, China issued the Dual Credit policy to improve vehicle efficiency and accelerate New Energy Vehicle adoption. In this paper, a market-penetration model is combined with a vehicle fleet model to assess implications on greenhouse gas (GHG) emissions and energy demand. Here we use this integrated modeling framework to study several scenarios, including hypothetical policy tweaks, oil price, battery cost and charging infrastructure for the Chinese passenger vehicle fleet. The model shows that the total GHGs of the Chinese passenger vehicle fleet are expected to peak in 2032 under the Dual Credit policy. A significant reduction in GHG emissions is possible if more efficient internal combustion engines continue to be part of the technology mix in the short term with more New Energy Vehicle penetration in the long term.

scholarly journals Economic research and suggestions on the recycling of waste power batteries for China’s new energy vehicles

2020 ◽  
Vol 165 ◽  
pp. 01028
Author(s):  
Li Zhenbiao ◽  
Li Yuke ◽  
Pan Wei ◽  
Wang Jia
Keyword(s):  
Economic Research ◽  
Hydrometallurgical Process ◽  
Analysis Model ◽  
Rare Metals ◽  
Recycling Industry ◽  
Battery Recycling ◽  
Power Battery ◽  
New Energy ◽  
The Cost ◽  
New Energy Vehicles

With the rapid promotion of the number of China’s new energy vehicles in promotion and application, it is of great significance to ensure the recycling of the waste power batteries. It can not only effectively reduce the safety and environmental protection risks brought by the waste power battery, but also alleviate China’s dependence on rare metals such as cobalt and lithium, which has been widely concerned by the industry. In this paper, the cost analysis model of waste power battery treated by hydrometallurgical process is established, and the economy of recycling of ternary material battery and LFP battery is compared and analysed, and the overall economy of the whole power battery recycling industry is analysed, and the relevant conclusions are obtained, and the relevant suggestions of recycling of power battery are put forward according to the analysis results, to provide reference for industry and related management departments.

scholarly journals Research on Chinese New Energy Vehicles Based on Ecological View

2020 ◽  
Vol 179 ◽  
pp. 01026
Author(s):  
Xiaohui Su ◽  
Kaining Meng ◽  
Di Liu
Keyword(s):  
Ecological Environment ◽  
Xi Jinping ◽  
Existing Problems ◽  
Building Technology ◽  
Battery Recycling ◽  
New Energy ◽  
Ecological View ◽  
New Energy Vehicle ◽  
General Secretary ◽  
New Energy Vehicles

This article studies and discusses the existing problems and future development of Chinese new energy vehicles from the perspective of ecological view proposed by General Secretary Xi Jinping. Through data collection and data analysis, this paper summarizes the current problems of short-range mileage, difficult battery recycling, and environmental pollution caused by the current domestic new energy vehicles. Improve domestic new energy vehicle companies from three aspects: car building technology, battery recycling, and service experience, protect the ecological environment, increase economic competitiveness, and promote sustainable economic and social development.

scholarly journals Effect of Chinese Corporate Average Fuel Consumption and New Energy Vehicle Dual-Credit Regulation on Passenger Cars Average Fuel Consumption Analysis

2021 ◽  
Vol 18 (14) ◽  
pp. 7218
Author(s):  
Haoyi Zhang ◽  
Fuquan Zhao ◽  
Han Hao ◽  
Zongwei Liu
Keyword(s):  
Fuel Consumption ◽  
Market Share ◽  
Automotive Industry ◽  
Dual Credit ◽  
Relaxation Effect ◽  
Passenger Cars ◽  
New Energy ◽  
New Energy Vehicle ◽  
Vehicle Market ◽  
New Energy Vehicles

The large sales volume and a great number of passenger car ownership in China have brought a series of environmental and energy problems. In response to these problems, Corporate Average Fuel Consumption and New Energy Vehicle Dual-credit Regulation has been put forward in China. However, it is found that although the purpose of the Dual-credit Regulation is controlling the fuel consumption and promoting the development of the energy vehicle market, the fuel consumption restriction for fossil-fueled passenger cars is relaxed compared to CAFC (Corporate Average Fuel Consumption) regulation alone. Moreover, this effect of relaxation is more obvious when the market share of new energy vehicles increases. To quantitatively estimate the relaxation effect of the fuel consumption restriction, a method of quantifying the relaxation effect is designed, and three different scenarios of new energy vehicle market development have been presumed in this paper. It is found that there are three main factors related to new energy vehicles that cause the relaxation of fuel consumption restriction, and the effect might become obvious and severe after 2025 if the market share of new energy vehicles develops very rapidly. These results may affect the development of the automotive industry and needed to be concerned.

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