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.

Impact of crude oil price on the socio-political environment of global countries

2019 ◽  
Vol 118 (3) ◽  
pp. 110-122
Author(s):  
Johnson Clement Madathil ◽  
Velmurugan P. S
Keyword(s):  
Crude Oil ◽  
Descriptive Analysis ◽  
Oil Price ◽  
Policy Framework ◽  
Political Environment ◽  
Policy Reforms ◽  
Crude Oil Price ◽  
Short Term ◽  
Political Impact ◽  
New Energy

Crude oil is known to have an impact on people’s life of both producers and consumers of crude oil countries. A producer country’s socio-political impact will be different from a consumer country’s socio-political impact. This paper aims to show that crude oil price has a socio-political impact on global countries through descriptive analysis. The study found that there were similarities in the movement of crude oil price and change in GDP of both India and United States and further Russia and Venezuela have had crude oil impact on their respective GDP’s, which has made them take policy reforms. The paper identifies changes in the policy framework due to influence of crude oil price and eventual changes in existing socio-political environment. Taking oil producing countries such as Russia and Venezuela as examples, this paper suggests that policy reforms are the key to having a stable socio-political environment. Russia shows us that having a flexible monetary policy can keep the budget dependence on crude oil reduced in the short term. On the other hand, for oil consuming countries, having a stable supply and moving to new energy sources is the key to tackle the influence of crude oil price on the socio-political environment of global countries.

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 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 THE IMPACT OF OIL PRICE ON STOCK MARKET:EMPIRICAL EVIDENCE FROM US

2021 ◽  
Vol 9 (1) ◽  
pp. 330-337
Author(s):  
Shanaz hakim , Tugut Tursoy,
Keyword(s):  
Stock Market ◽  
Crude Oil ◽  
Negative Impact ◽  
Positive Impact ◽  
Oil Price ◽  
P Value ◽  
Crude Oil Price ◽  
Crude Oil Prices ◽  
Interactive Relationship ◽  
The Impact

The analysis of this research focuses on the interactive relationship among the fluctuation of crude oil prices, the real GDP and the stock market of United State. This empirical investigation uses data is in between 1990 and 2018 with the Vector Auto-regression (VAR) analysis, and multiple regressions with its assumption were used in order to analyses data.  Findings, oil price and economic growth are very important determinates of stock market in US because the p-value of this were less than the common alpha α =0.05. For instance, the crude oil price had positive impact on stock market because for each unit increasing of crude oil price, the stock market will increase by (0.276901) after holding all other variable constant. However, we find that GDP has negative impact on the participations of increasing the stock market.

scholarly journals Oil Prices, Emission Permits Trade of Carbon, and the Dependence Between Their Quantiles

2022 ◽  
Vol 16 ◽  
pp. 38-45
Author(s):  
Baoshuai Zhang ◽  
Yuqin Zhou
Keyword(s):  
Time Series ◽  
Crude Oil ◽  
Negative Impact ◽  
Positive Impact ◽  
Carbon Price ◽  
Oil Price ◽  
Series Data ◽  
Crude Oil Price ◽  
The Impact ◽  
Quantile Regression Method

The relations between carbon and oil market is concerned by many scholars but little research has focused on the dependence between their quantiles. We use Quantile on Quantile Regression method to study the impact of WTI crude oil price and Daqing crude oil price on carbon price and use wavelet analysis to clean and decompose the time series. Results show that the impact of crude oil on carbon is heterogeneous. Research based on the original sequence shows that crude oil price has a positive impact on carbon price at all quantile levels. Research based on decomposition sequence shows that the positive impact of crude oil on carbon begins to weaken, the zero effect begins to increase, and the negative impact also begins to appear. However, the negative impact on carbon price becomes stronger with the stability of the time series data obtained from the decomposition of crude oil price series gradually improving, while the positive impact gradually weakens.

scholarly journals Study on the correlation between Crude oil price and new energy stock price in China and America

2021 ◽  
Vol 14 ◽  
pp. 315-327
Author(s):  
Peihang Lin ◽  
Xiaoai Peng ◽  
Qianye Chen ◽  
Hanghao Jiang
Keyword(s):  
Crude Oil ◽  
Local Governments ◽  
Stock Price ◽  
Energy Demand ◽  
National Level ◽  
High Growth ◽  
Oil Price ◽  
Crude Oil Price ◽  
Oil Futures ◽  
New Energy

In today's new world situation, the consumption structure of energy is constantly changing. All countries attach importance to the use of new energy, vigorously promoting the development of new energy-related industries.Traditional energy and new energy are interchangeable, so there is a complex relationship between crude oil futures market and new energy stock market. China, as an economy with strong energy demand and high dependence on oil, will be affected by changes in oil futures prices. America's new energy policy has two striking sides. On the one hand, due to the lack of consensus, the US has so far failed to come up with new energy development plans and targets at the national level. On the other hand, a series of supportive policies launched by the federal and local governments have enabled the U.S. wind and solar industries to maintain a high growth rate in recent years. In view of this, the research takes WTI crude oil price, Zhongzheng New energy Index and China crude oil price as the research object, analyzes the interaction among them by using VAR model and GARCH model, and predicts the volatility of crude oil price and new energy stock price.

The Application of UX Research in New Energy Vehicle Innovation

2019 ◽  
Vol 1 (1) ◽  
Author(s):  
Menghan TAO ◽  
Ning XIAO ◽  
Xingfu ZHAO ◽  
Wenbin LIU
Keyword(s):  
Early Stage ◽  
Rapid Expansion ◽  
The Other ◽  
Innovative Product ◽  
Stage Of Development ◽  
New Energy ◽  
New Energy Vehicle ◽  
The One ◽  
New Energy Vehicles ◽  
Degree Of Innovation

New energy vehicles(NEV) as a new thing for sustainable development, in China, on the one hand has faced the rapid expansion of the market; the other hand, for the new NEV users, the current NEVs cannot keep up with the degree of innovation. This paper demonstrates the reasons for the existence of this systematic challenge, and puts forward the method of UX research which is different from the traditional petrol vehicles research in the early stage of development, which studies from the user's essence level, to form the innovative product programs which meet the needs of users and being real attractive.

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