Differences in the effects of China’s new energy vehicle industry policies on market growth from the perspective of policy mix

2020 ◽  
pp. 0958305X2094533
Author(s):  
Yongqing Xiong ◽  
Shufeng Qin
Keyword(s):  
Policy Design ◽  
Development Stage ◽  
Three Dimensions ◽  
Chinese Government ◽  
Policy Mix ◽  
Dynamic Impact ◽  
Market Growth ◽  
New Energy ◽  
New Energy Vehicle ◽  
Industry Policy

Regarding the characteristics of policy mix and its effectiveness, no complete consensus currently exists. This paper divides the new energy vehicle (NEV) industry policies issued by the Chinese government from 2009 to 2018 into two types: the supply-side and demand-side policy mix. From the three dimensions of comprehensiveness, consistency and balance, we applied the state space method to construct a time-varying parameter model and analyzed the differences in the overall and dynamic impact of the NEV policy mix characteristics on market growth. The results show that the three characteristics differ in their overall impact: comprehensiveness has the largest impact, followed by consistency, and balance has the smallest impact. The dynamic impact of the comprehensiveness and consistency characteristics of the two types of policy mix fluctuates greatly and presents clear differences in the stage effect. The dynamic impact of the balance characteristic is relatively stable, but this characteristic has little dynamic impact on market growth. The NEV industry policy design should fully consider the characteristics of the policy mix and the differences of this policy mix in terms of market development stage and region.

scholarly journals Research on Industrial Policy from the Perspective of Demand-Side Open Innovation—A Case Study of Shenzhen New Energy Vehicle Industry

2019 ◽  
Vol 5 (2) ◽  
pp. 31 ◽  
Author(s):  
Lu Qu ◽  
Yanwei Li
Keyword(s):  
Industrial Development ◽  
Policy Design ◽  
Innovation Policy ◽  
Demand Side ◽  
New Energy ◽  
Innovative Thinking ◽  
New Energy Vehicle ◽  
Industry Policy ◽  
The Impact ◽  
New Energy Vehicles

Nowadays, new energy vehicles play an important role in the transformation and upgrade of China’s energy security, energy conservation and other industries. At present, there are 26 pilot cities for the demonstration of new energy vehicles in China; however, the operation effect and experience of the pilot cities have been summarized less. This paper takes Shenzhen’s new energy vehicle industry policy as the object of research, in order to explore the impact of demand innovation on the development of new energy vehicles. This paper summarizes the three stages of Shenzhen’s new energy vehicle industry promotion, and further analyzes the policy and market environments of each stage by using the demand-side innovation policy theory. By reflecting on the concept of policy design, this paper proposes that decision makers need to cultivate open innovative thinking, and transform their production-oriented policy design into a demand-oriented policy design. This conclusion is helpful for pilot cities in order to adjust their policies over time according to the different stages of industrial development, and further improve the innovation and competitiveness of China’s new energy vehicle industry.

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.

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.

Text Analysis of China’s New Energy Vehicle Industry Policy

2014 ◽  
Vol 1073-1076 ◽  
pp. 2499-2502
Author(s):  
Qing Xie ◽  
Zhi Long Tian
Keyword(s):  
Value Chain ◽  
Policy Instruments ◽  
Policy Instrument ◽  
Two Dimensions ◽  
Gradual Improvement ◽  
Emerging Industries ◽  
Industry Value Chain ◽  
New Energy ◽  
New Energy Vehicle ◽  
Industry Policy

Government policy is an important driving force to promote the development of strategic emerging industries. From two dimensions—policy instrument and industry value chain, content analysis is conducted in the paper on 37 items of central policy text related to China’s new energy vehicle industry. The environmental-side policy instruments are used most frequently; the policy instruments present gradual improvement from supply side to environmental side and then the demand side; the relevance of three types of policy instrument and the four links of the industry value chain is investigated. Finally, the corresponding policy recommendations are given in the study for the future optimization and improvement of this industry.

scholarly journals Research on the Technology Innovation Efficiency of China’s Listed New Energy Vehicle Enterprises

2021 ◽  
Vol 2021 ◽  
pp. 1-9
Author(s):  
Songbo Chen ◽  
Yuqiang Feng ◽  
Chaoran Lin ◽  
Zhipeng Liao ◽  
Xiaoyao Mei
Keyword(s):  
Technological Innovation ◽  
Technology Innovation ◽  
Negative Impact ◽  
Malmquist Index ◽  
Development Stage ◽  
Evaluation Index System ◽  
Network Dea ◽  
New Energy ◽  
Overall Efficiency ◽  
New Energy Vehicle

As a new industry, the healthy development of new energy vehicle industry is of great significance for effectively solving environmental problems and energy crises. The purpose of this study was to analyze the technological innovation process of China’s new energy vehicle enterprises and construct the evaluation index system of technology innovation efficiency of China’s new energy vehicle enterprises and SBM model-based network DEA model from the two aspects of technology research and development stage and achievement transformation stage. The overall technological innovation efficiency and staged efficiency of 16 listed new energy vehicle enterprises in China were measured and combined with the Malmquist Index Model. The technical change and efficiency change of 16 listed new energy vehicle enterprises in China, spanning from 2012 to 2018, were analyzed. The results show that the average overall efficiency of technological innovation of 16 new energy automobile companies is 0.5515, and the standard deviation is 0.2341. It reflects the low overall efficiency of technological innovation of Chinese new energy vehicle enterprises and the uneven development and the huge gap between different enterprises. From 2012 to 2018, the M index is less than 1, and the technical level change (TC) has a greater negative impact on the M index.

scholarly journals Risk Assessment of New Energy Vehicle Supply Chain Based on Variable Weight Theory and Cloud Model: A Case Study in China

2020 ◽  
Vol 12 (8) ◽  
pp. 3150
Author(s):  
Qingyou Yan ◽  
Meijuan Zhang ◽  
Wei Li ◽  
Guangyu Qin
Keyword(s):  
Risk Assessment ◽  
Supply Chain ◽  
Cloud Model ◽  
Three Dimensions ◽  
Constant Weight ◽  
Variable Weight ◽  
New Energy ◽  
Intelligent Technology ◽  
New Energy Vehicle ◽  
New Energy Vehicles

In order to protect the environment and reduce energy consumption, new energy vehicles have begun to be vigorously promoted in various countries. In recent years, the rise of intelligent technology has had a great impact on the supply chain of new energy vehicles, which, coupled with the complexity of the supply chain itself, puts it at great risk. Therefore, it is quite indispensable to evaluate the risk of the new energy vehicle supply chain. This paper assesses the risks faced by China’s new energy vehicle supply chain in this period of technological transformation. First of all, this paper establishes an evaluation criteria system of 16 sub-criterion related to three dimensions: the market risk, operational risk, and the environmental risk. Then, variable weight theory is proposed to modify the constant weight obtained by the fuzzy analytic hierarchy process (FAHP). Finally, a risk assessment of China’s new energy vehicle supply chain is carried out by combining the variable weight and the cloud model. This method can effectively explain the randomness of matters, and avoid the influence of value abnormality on the criteria system. The results show that China’s new energy vehicle supply chain is at a high level. Through the identification of risk factors, mainly referring to the low clustering risk, technical level risk and information transparency risk, this paper can provide a risk prevention reference for corresponding enterprises.

scholarly journals The Prospect of China’s Renewable Automotive Industry Upon Shrinking Subsidies

2021 ◽  
Vol 9 ◽  
Author(s):  
Lin-Shu Qiu ◽  
Dong-Xiao Yang ◽  
Kai-Rong Hong ◽  
Wei-Ping Wu ◽  
Wei-Kang Zeng
Keyword(s):  
Road Traffic ◽  
Chinese Government ◽  
Policy System ◽  
Promotion Policy ◽  
Incentive Policy ◽  
New Energy ◽  
Huge Impact ◽  
Incentive Policies ◽  
New Energy Vehicle ◽  
Gradual Transformation

Increased emissions from road traffic resulting from the increase in car ownership have put enormous pressure on China’s environmental problems. To solve this problem, the Chinese government has attached great importance to the development of a new energy vehicle industry. This paper summarizes the incentive policies of China’s new energy vehicle industry. By sorting through the incentive policy system of the new energy vehicle industry, we find that the Chinese government’s promotion policy for the new energy vehicle industry is a process of gradual transformation from being government-led to being market-led. In this process, with the decrease of the subsidy amount, it is bound to cause a huge impact on the new energy vehicle industry.

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