scholarly journals Optimal strategies of automakers with demand and credit price disruptions under the dual-credit policy

Author(s):  
Yongwei Cheng ◽  
Tijun Fan ◽  
Li Zhou
Energy Policy ◽  
2021 ◽  
Vol 151 ◽  
pp. 112166
Author(s):  
Haicheng Ma ◽  
Gaoxiang Lou ◽  
Tijun Fan ◽  
Hing Kai Chan ◽  
Sai Ho Chung

2021 ◽  
Vol 98 ◽  
pp. 102956
Author(s):  
Haonan He ◽  
Shiqiang Li ◽  
Shanyong Wang ◽  
Zhuru Chen ◽  
Jinxi Zhang ◽  
...  

2021 ◽  
Author(s):  
Miaomiao Ma ◽  
Weidong Meng ◽  
Bo Huang

2020 ◽  
Vol 11 (1) ◽  
Author(s):  
Xin He ◽  
Shiqi Ou ◽  
Yu Gan ◽  
Zifeng Lu ◽  
Steven Victor Przesmitzki ◽  
...  

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.


Energy Policy ◽  
2018 ◽  
Vol 121 ◽  
pp. 597-610 ◽  
Author(s):  
Shiqi Ou ◽  
Zhenhong Lin ◽  
Liang Qi ◽  
Jie Li ◽  
Xin He ◽  
...  

2021 ◽  
Vol 12 (3) ◽  
pp. 119
Author(s):  
Li Lv ◽  
Xi Li

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.


2021 ◽  
Vol 9 ◽  
Author(s):  
Xu Li ◽  
Qing Y. Xiong

As a sustainability policy in emerging markets, the dual-credit policy was implemented in China to promote automakers expanding investment in research and development, and ultimately achieve the energy-saving and emission-reduction goals of the auto industry. We regard the dual-credit policy as a quasi-natural experiment, use the difference-in-difference model to divide Chinese automakers into an experimental group (the passenger vehicle group) and a control group (the commercial vehicle group), and analyze the impacts of the dual-credit policy in the brewing period (2014–2016) and the implementation period on the scale, intensity, and structure of research and development investment. We found that the dual-credit policy has significantly promoted the research and development investment of automakers, and the heterogeneity of automakers has a moderating effect on the policy effects. In addition, we also found that there are certain differences in the significance and stability of the effects of the dual-credit policy during the brewing period and the implementation period. Finally, we presented some management insights into the response to the dual-credit policy.


PLoS ONE ◽  
2021 ◽  
Vol 16 (10) ◽  
pp. e0257505
Author(s):  
Miaomiao Ma ◽  
Weidong Meng ◽  
Yuyu Li ◽  
Bo Huang

In this paper, we assume that the supply chain for new energy vehicles (NEVs) consists of a manufacturer and N parts suppliers, considering that the R&D investment of both manufacturer and suppliers will affect the market demand of NEVs and NEVs credit, we construct decentralized and centralized decision-making models under the dual-credit policy to study the R&D investment strategy of supply chain enterprises. Furthermore, considering that suppliers can form alliances, we establish bargaining game models under the conditions of the non-alliance and alliance of suppliers, and discuss the coordination strategy for the NEVs supply chain. It is found that, under the dual-credit policy, the higher the credit coefficient of technology improvement, the higher the transaction price of credits, and the higher the R&D investment of supply chain. Dual-credit policy can effectively encourage NEVs supply chain to increase R&D investment, improve NEV technology level, and improve the profit of supply chain. Under the dual-credit policy, the increment profit distribution strategy based on a bargaining game model can coordinate the NEVs supply chain. When suppliers separately negotiate with the manufacturer, bringing the negotiation sequence forward, the supplier can get more profits. However, as the manufacturer has the right to determine the negotiation sequence, the supplier can only get the profit of the last round of negotiation, and the manufacturer can get excess profit. Forming a suppliers alliance can solve this problem effectively, and increase the profit of all suppliers when the alliance`s negotiating power is improved to a certain threshold.


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