scholarly journals The Signal Effect of New Energy Vehicles Promotion on Enterprise Innovation

Complexity ◽  
2021 ◽  
Vol 2021 ◽  
pp. 1-10
Author(s):  
Xinyu Wang ◽  
Cailou Jiang
Keyword(s):  
Incremental Innovation ◽  
Market Demand ◽  
Difference In Differences ◽  
Core Technology ◽  
New Energy ◽  
Technology Introduction ◽  
Enterprise Innovation ◽  
New Energy Vehicle ◽  
Corporate Profits ◽  
The Impact

Entering the promotion catalogue is the basis for China’s new energy vehicle (NEV) enterprises to obtain promotion subsidies. Using a multistage difference-in-differences (DID) model with a sample of listed NEV enterprises in China from 2008 to 2017, this paper empirically analyzes the impact of entering the promotion catalogue on the innovation of NEV enterprises. The results indicate that entering the promotion catalogue can significantly promote innovation of NEV enterprises from the perspective of radical innovation, incremental innovation, and external technology introduction of NEV enterprises. In the mediation mechanism examination, this study finds that entering the promotion catalogue promotes innovation in NEV enterprises by increasing corporate profits and easing financing constraints. Based on the conclusions above, this paper recommends to strengthen core technology breakthrough of NEVs, cultivate market demand of NEVs industry, and improve subsidy supervision system of NEVs.

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 Can the New Energy Vehicle Pilot Policy Achieve Green Innovation and Emission Reduction?—A Difference-in-Differences Analysis on the Evaluation of China’s New Energy Fiscal Subsidy Policy

2021 ◽  
Vol 13 (15) ◽  
pp. 8643
Author(s):  
Susheng Wang ◽  
Gang Chen ◽  
Dawei Huang
Keyword(s):  
Economic Development ◽  
Technological Innovation ◽  
Carbon Dioxide Emissions ◽  
Emission Reduction ◽  
Inhibitory Effect ◽  
Green Innovation ◽  
Difference In Differences ◽  
New Energy ◽  
New Energy Vehicle ◽  
The Impact

Whether the new energy vehicle pilot policy (NEVPP) can achieve green innovation and emission reduction is an important exploration for China to achieve green and sustainable development. This research aims to empirically investigate the impact, impact mechanism, and heterogeneity characteristics of the NEVPP on urban green innovation and emission reduction based on panel data from 281 cities in China from 2004 to 2017, using difference-in-differences (DID) methods and fixed effect (FE) models. The results show that the NEVPP significantly reduces the carbon dioxide emissions of the pilot cities but significantly inhibits the green innovation, and the results are robust to the placebo test, propensity score matching DID (PSM-DID) test, instrumental variable (IV) estimation, emissions trading system (ETS), and Carbon-ETS interference test, and change of the dependent variable. In addition, further studies have shown that the NEVPP’s emission reduction effects are mainly achieved by reducing energy consumption, promoting technological innovation, and adjusting industrial structure. Moreover, we found that the NEVPP performed better in the regions where the level of economic development is high, the local government has a good relationship with the market, and the level of non-state economic development is high. In general, our research results show that the NEVPP has achieved innovation and emission reduction policy effects in China, but it is also accompanied by an inhibitory effect on green technological innovation.

scholarly journals Industrial Policy and Innovation Capability of Strategic Emerging Industries: Empirical Evidence from Chinese New Energy Vehicle Industry

2019 ◽  
Vol 11 (10) ◽  
pp. 2785 ◽  
Author(s):  
Qiuyun Zhao ◽  
Zeyu Li ◽  
Zuoxiang Zhao ◽  
Jinqiu Ma
Keyword(s):  
Empirical Evidence ◽  
Industrial Policy ◽  
Innovation Capability ◽  
Difference In Differences ◽  
Independent Innovation ◽  
Emerging Industries ◽  
Statistical Support ◽  
New Energy ◽  
New Energy Vehicle ◽  
The Impact

Industrial policy is an important tool for developing countries to protect their own industries and improve innovation capabilities. This paper takes China’s new energy vehicle industry as an example, and uses the number of invention patents as a measure of independent innovation capability in order to analyze the impact mechanism of industrial policy on innovation. The estimation results of difference-in-differences and propensity score matching estimations show that the “Ten Cities Thousand Vehicles Project” for promoting the new energy vehicle industry has indeed increased the number of invention patents filed in new energy automobile manufacturers, as compared with traditional automakers. This paper also provides empirical evidence and statistical support for the implementation of industrial policies.

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.

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 Research on the Development of New Energy Vehicle Sharing in China Based on the Concept of Green Travel

2020 ◽  
Vol 165 ◽  
pp. 01024
Author(s):  
Anqi Lv ◽  
Zhiqiang Zhu ◽  
Guohua Cheng ◽  
Yi Jia ◽  
Ling Shi
Keyword(s):  
Pollution Prevention ◽  
Development Trend ◽  
Urban Traffic ◽  
Low Carbon ◽  
Transport Service ◽  
Transportation Equipment ◽  
New Energy ◽  
Urbanization In China ◽  
New Energy Vehicle ◽  
The Impact

As the urbanization in China is accelerating, “urban diseases” such as city congestion and environmental pollution arise. Traffic is one of the important factors leading to such urban problems. Therefore, in order to succeed in pollution prevention and control, overcome the shortcomings in urban traffic, and realize high-quality development of transport service, we should promote the development of green transport based on low carbon and environmental protection, and intensively implement green travel. First of all, we should accelerate the upgrading of transportation equipment technology, speed up the promotion and application of new energy vehicles in the field of car sharing, and promote the green and low-carbon development of transport service. Based on it, this paper first defines the green travel, new energy vehicle sharing and other related concepts, and analyzes the impact of new energy vehicle sharing, and then sorts out the development process of new energy vehicle sharing in China and analyzes the development trend and problems being confronted with in this field, and finally puts forward the development policy suggestions on domestic new energy vehicle sharing.

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 Research on the impact of new energy automobile industry alliance development status on technological innovation

2021 ◽  
Vol 251 ◽  
pp. 01091
Author(s):  
Zou Dewei
Keyword(s):  
Technological Innovation ◽  
Automobile Industry ◽  
Risk Sharing ◽  
Policy Support ◽  
Classification Theory ◽  
Development Status ◽  
New Energy ◽  
New Energy Vehicle ◽  
Horizontal Alliance ◽  
The Impact

With the increasing pressure on the ecological environment, the continuous progress of science and technology and the government’s policy support for the new energy industry, the development momentum of China’s new energy automobile industry is strong. However, the emerging industry still faces major obstacles in terms of technological innovation, standard-setting and marketization. In the face of these obstacles, industrial alliances, as an organizational form, have been widely used in the new energy vehicle industry in order to seek the risk sharing and cooperation effect of alliances. In this paper, on the basis of identifying the members of China’s new energy automobile industry alliance and based on the classification theory of industrial alliance, China’s new energy automobile industry alliance is divided into horizontal alliance and vertical alliance. In addition, this paper adopts the method of case study to put forward reasonable suggestions for the shortcomings existing in the development status of China’s new energy vehicle industry alliance, so as to promote the technological innovation of the industry alliance.

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