scholarly journals The impact of the reduction of consumption subsidies on the industrial chain of new energy vehicles

2021 ◽  
Vol 235 ◽  
pp. 01002
Author(s):  
Xiaohua Mao
Keyword(s):  
Chinese Government ◽  
Industry Chain ◽  
Industrial Chain ◽  
New Energy ◽  
New Energy Vehicle ◽  
Using Data ◽  
The Impact ◽  
D Investment ◽  
Vehicle Market ◽  
New Energy Vehicles

In recent years, in order to promote the independent development of the new energy vehicle industry, Chinese government has decided to reduce the consumption subsidies for new energy vehicles until the subsidies are completely withdrawn. The reduction of consumption subsidy has a great impact on the production and sales of new energy vehicles in the whole vehicle market. However, does the reduction of this subsidy also have an impact on other enterprises in the new energy vehicles industry chain? This paper tests this problem using data from 2016 to 2018, and finds, through empirical analysis, that during the period of subsidy decline, the profitability of component enterprises is significantly positively correlated with this subsidies, while the r&d investment of enterprises is significantly negatively correlated with this subsidies. The results show that in terms of profitability, the reduction of consumer subsidies not only has an impact on the whole vehicle industry of new energy vehicles, but also has an adverse impact on the core component companies in the industrial chain. However, in terms of r&d, the reduction of subsidies has more negatively strengthened the input and attention of R&D in component companies.

scholarly journals System Dynamics Model for the Evolutionary Behaviour of Government Enterprises and Consumers in China’s New Energy Vehicle Market

2020 ◽  
Vol 12 (4) ◽  
pp. 1578 ◽  
Author(s):  
Hongxia Sun ◽  
Yao Wan ◽  
Huirong Lv
Keyword(s):  
System Dynamics ◽  
Motor Vehicle ◽  
Replicator Dynamics ◽  
Evolutionary Game ◽  
Practical Significance ◽  
Subsidy Policy ◽  
New Energy ◽  
New Energy Vehicle ◽  
The Impact ◽  
Vehicle Market

Exhaust pollution and energy crises are worsening worldwide. China has become the largest motor vehicle producer; thus, promoting the use of new energy vehicles (NEVs) in China has important practical significance. In this paper, considering the limited rationality of governments, NEV enterprises and consumers, we study the subsidy policy of the China NEV market using the evolutionary game and system dynamics (SD) methods. First, a tripartite evolutionary game model is developed and the replicator dynamics equations and Jacobian matrix are obtained. A SD simulation of the model was conducted to further clarify the impact of the initial market proportion and three variables used in the model. The results show that the initial market proportion affects the evolution speed but does not affect the evolution result when the three group players all choose a mixed strategy. For governments, they should not hastily cancel price subsidies provided to consumers; rather, they should dynamically adjust the rate of the subsidy decrease and increase the consumers’ extra cost for purchasing fuel vehicles (FVs). NEV enterprises should appropriately increase their investments in the research and development (R&D) of NEVs.

How can new energy vehicles affect air quality in China?— From the perspective of crude oil price

2021 ◽  
pp. 0958305X2110443
Author(s):  
Qiu-Su Wang ◽  
Chi-Wei Su ◽  
Yu-Fei Hua ◽  
Muhammad Umar
Keyword(s):  
Air Quality ◽  
Crude Oil ◽  
Negative Impact ◽  
Oil Price ◽  
Chinese Government ◽  
Crude Oil Price ◽  
Energy And Environment ◽  
New Energy ◽  
New Energy Vehicle ◽  
New Energy Vehicles

From the perspective of crude oil price, this paper investigates the effects of new energy vehicles on air quality by applying a time-varying parameter–stochastic volatility–vector autoregression model. NEVs benefits from the continuous adjustment and improvement of subsidy standards by the Chinese government, and the share of new energy vehicles in the market has been continuously improved. The empirical results show that the increase in new energy vehicles can reduce PM2.5 emissions, which is also consistent with the energy and environment theoretical model, and replacing traditional energy with new energy is helpful for controlling environmental pollution. Oil price has a direct negative impact on PM2.5 concentration, and the influence of new energy vehicles on air quality is also regulated by changes in oil price. A high oil price leads to an increase in driving costs, and consumers are more inclined to purchase new energy vehicles, which achieves the purpose of improving air quality to a certain extent. To improve the air quality, the relevant departments should adjust the subsidy policy of new energy vehicles according to the change in oil price and appropriately increase gasoline or diesel consumption taxes to provide development space for the new energy vehicle market.

scholarly journals The Impact of Financial Support on Innovation Efficiency of Government Subsidies From the Perspective of DEA-Tobit——An Empirical Study Based on Chinese New Energy Vehicle Enterprises

2021 ◽  
Author(s):  
Sha Zhang ◽  
Fang Chen
Keyword(s):  
Financial Support ◽  
Negative Impact ◽  
Positive Impact ◽  
Reference Value ◽  
Chinese Government ◽  
Operating Cycle ◽  
Government Subsidies ◽  
New Energy ◽  
New Energy Vehicle ◽  
The Impact

Abstract The new energy vehicle enterprises is a strategic emerging industry in China, so more and more government subsidies to promote innovative development are being accepted by new energy vehicle enterprises. What is the innovation efficiency of new energy vehicle enterprises receiving government subsidies? With the acceleration of the process of global economic financialization, whether financial support can promote the innovation efficiency of government subsidies and how enterprises should allocate financial assets have become issues that need to be deeply considered. Based on the annual report data of China's domestic listed new energy vehicle enterprises from 2015 to 2020, the relationship between government subsidies and enterprise innovation efficiency is empirically tested, and the impact of financial support on enterprise R&D innovation efficiency is investigated. The empirical results show that government subsidies are wasteful and fail to effectively promote R&D innovation, and the innovation efficiency of government subsidies is positively influenced by firm nature and firm age, while the total asset turnover ratio, operating cycle and firm size have a negative impact on innovation efficiency. Further research found that there is an inverted U-shaped relationship between financial support and the innovation efficiency of government subsidies. A certain degree of financial support has a positive impact on the innovation efficiency of government subsidies, but excessive financial support has a negative impact on the innovation efficiency of government subsidies. The conclusion provides empirical evidence for the Chinese government to improve the subsidy policy and standardize the development of new energy vehicle enterprises, and has a certain reference value for guiding new energy vehicle enterprises to reasonably allocate financial support.

scholarly journals Characteristics Numerical Research on Power Battery Impact Strength of New Energy Vehicle

2019 ◽  
Vol 16 (08) ◽  
pp. 1950042
Author(s):  
Zhuhai Tao ◽  
Yang Jialin ◽  
Zhang Xianglei ◽  
Zhang Bing
Keyword(s):  
Impact Strength ◽  
Crash Test ◽  
Test Conditions ◽  
Power Battery ◽  
Average Impact ◽  
New Energy ◽  
Strength Curve ◽  
New Energy Vehicle ◽  
The Impact ◽  
New Energy Vehicles

Based on the crash test of new energy vehicles, the mechanical response data of power batteries during the collision process were collected, and the average impact strength curve of power batteries of typical new energy vehicles in China was obtained. The average impact strength curve was mathematically processed to obtain the impact strength characteristic value and tolerance by using the equivalent trapezoidal wave and the least square method, thereby determining the test conditions of the dynamic strength of the domestic new energy vehicle power battery. The differences are analyzed by comparing with ISO 12405-3 test conditions, which provides an important reference for the revision of power battery test standards in the future.

Optimal production decision of new energy vehicle and traditional fuel vehicle

2021 ◽  
pp. 1-9
Author(s):  
Jiang Jiali ◽  
Lin Yuanyuan ◽  
Zhang Zhenyang ◽  
Wang Jun
Keyword(s):  
Decision Problem ◽  
Downward Trend ◽  
Optimal Production ◽  
Pricing Decision ◽  
New Energy ◽  
Vehicle Production ◽  
New Energy Vehicle ◽  
Vehicle Market ◽  
Production Decision ◽  
New Energy Vehicles

With the reduction of government subsidies for new energy vehicle, it has become an important decision problem for traditional vehicle enterprises with new energy vehicle production qualification to decide how much proportion of new energy vehicles should be produced. By maximizing the utility of the vehicle enterprise, this study analyses the influence of enterprise’s production decision and consumer’s preference payment premium for the performance of new energy vehicle on optimal mixed production and pricing decision after the subsidies withdraw from the new energy vehicle market. The Results show that: (1) consumer’s payment premium increases the proportion of new energy vehicles produced by automobile enterprise. The enterprise only produces traditional fuel vehicles instead of new energy vehicles, when the premium is less than a certain level; and when the payment premium is higher than a certain threshold, the enterprise merely produces new energy vehicles instead of traditional ones. (2) As the rise of consumer’s payment premium, the amount of people who consume vehicles show a downward trend, and finally only 1/2 of consumers will remain to purchase automobiles. (3) There shows a U-shaped relationship between the optimal profit of vehicle enterprise and consumer payment premium that the profit of vehicle enterprise will decline first and then rise with the increase of consumer payment premium.

scholarly journals The Impact of Purchase Subsidy on Enterprises’ R&D Efforts: Evidence from China’s New Energy Vehicle Industry

2020 ◽  
Vol 12 (3) ◽  
pp. 1105 ◽  
Author(s):  
Cailou Jiang ◽  
Ying Zhang ◽  
Qun Zhao ◽  
Chong Wu
Keyword(s):  
Positive Impact ◽  
Government Procurement ◽  
Policy Implications ◽  
Difference In Differences ◽  
Subsidy Rate ◽  
Multi Stage ◽  
New Energy ◽  
New Energy Vehicle ◽  
The Impact ◽  
New Energy Vehicles

Purchase subsidy has been adopted to accelerate the diffusion of New Energy Vehicles (NEVs) in China. With a Multi-stage Difference-in-Differences (DID) method, this research investigates the impact of purchase subsidy on Research and Development (R&D) efforts of NEV enterprises. The results indicate that purchase subsidy for NEVs has a positive and significant impact on R&D efforts of NEV enterprises. The impact increases when the purchase subsidy rate decreases. When considering the influences of government procurement and exemption on purchase tax, the positive impact of purchase subsidy still remains significant. The policy implications are that the purchase subsidy rate should be reduced, and stricter technological requirements should be set to couple with the purchase subsidy.

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.

scholarly journals Economic Cost Analysis of New Energy Vehicle Policy -Empirical Research Based on Beijing’s Data

2019 ◽  
Vol 12 (4) ◽  
pp. 153
Author(s):  
Xuenan Ju ◽  
Baowen Sun ◽  
Jieying Jin
Keyword(s):  
Energy Consumption ◽  
Motor Vehicle ◽  
Municipal Government ◽  
Economic Cost ◽  
Vehicle Exhaust ◽  
New Energy ◽  
Implementation Period ◽  
New Energy Vehicle ◽  
The Impact ◽  
New Energy Vehicles

In recent years, in order to improve Beijing's air quality and reduce vehicle emissions, the Beijing Municipal Government promotes the popularization of new energy vehicles through purchase subsidies, plate lottery, and driving restriction policy. However, the increase in the number of new energy vehicles and the increase in the number of vehicles travelling on roads have intensified the traffic pressure in Beijing. Traffic congestion has increased the emissions of motor vehicle exhaust in turn, resulting in higher socio-economic costs. Based on the actual data of Beijing, this paper quantitatively analyzes the economic cost of new energy vehicle policies by discussing the impact of current new energy vehicle policies on time, energy consumption and tail gas cost. Empirical results show that during the implementation period of the new energy vehicle policy, time cost and tail gas cost increase, energy consumption cost decreases, and the overall economic cost of the policy implementation period increases from 50 million yuan to 321 million yuan.

scholarly journals Research on the Technical Development Trend of New Energy Vehicles in the Future

2020 ◽  
Vol 9 (2) ◽  
pp. 31
Author(s):  
Wenrong Qu
Keyword(s):  
Sustainable Development ◽  
Electric Energy ◽  
Development Trend ◽  
Vehicle Exhaust ◽  
New Energy ◽  
New Type ◽  
Vehicle Technology ◽  
New Energy Vehicle ◽  
The Impact ◽  
New Energy Vehicles

New energy vehicle technology is a new type of vehicle based on the concept of sustainable development in China. In terms of functional use, it can reduce the content of toxic gas and carbon dioxide in vehicle exhaust and reduce the impact on urban air quality by means of electric energy or mixed energy. At the same time, with the characteristics of new energy, it can effectively alleviate the problem that non-renewable energy is almost exhausted, and make the construction of urban economic system more suitable for the development situation of sustainable development concept. In this paper, based on the analysis of the types of new energy vehicles, it is expected to provide a good reference for the subsequent research and development of new energy vehicles.

scholarly journals The behavior of consumer buying new energy vehicles based on stochastic evolutionary game

Filomat ◽  
2016 ◽  
Vol 30 (15) ◽  
pp. 3987-3997 ◽  
Author(s):  
Xin Guan ◽  
Guoxing Zhang ◽  
Diyi Liu ◽  
Xu Tan ◽  
Dong Wu
Keyword(s):  
External Disturbance ◽  
Evolutionary Game ◽  
Evolutionary Stability ◽  
Government Support ◽  
New Energy ◽  
The Government ◽  
New Energy Vehicle ◽  
The Impact ◽  
Support Cost ◽  
New Energy Vehicles

China?s current vehicle emissions caused by air pollution problems have become increasingly prominent. How to improve new energy vehicle market share, and effectively guide the consumer buying behavior become a problem, which the government and social have to be solved. In this paper, according to establish the stochastic evolutionary game model between the government and consumers in the car market, introducing of random factors analysis on the impact of evolutionary stability ,will obtain the stable strategy of government and automotive consumers. And on the basis of it, we study the government support, cost of vehicles, the use of cost, the utility of automobile use for the ways of evolutionary stability, with case further illustrates the external disturbance factors on consumer purchase of new energy vehicles in evolutionary game process stability. Studies show that: the increasing government subsidy policy, the reducing life cycle costs of new energy vehicles and the improving effectiveness of new energy vehicles will lead the model?s evolution to the orientation of consumer purchasing new energy vehicles.

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