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 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government has decided to reduce the consumption subsidies for new energy vehicles until the subsidies are completely withdrawn.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 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.

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 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.

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 How to Choose the Refueling of New Energy Vehicles under Swapping Vs. Charging Mode: From the Consumers’ Perspective

2021 ◽  
Author(s):  
Jizi Li ◽  
Doudou Wu ◽  
Chunling Liu
Keyword(s):  
Purchase Intention ◽  
Ease Of Use ◽  
Extended Warranty ◽  
New Energy ◽  
Charging Mode ◽  
The Government ◽  
New Energy Vehicle ◽  
Warranty Service ◽  
The Impact ◽  
New Energy Vehicles

Abstract Background: Battery charging mode is a prevalent method of transshipping power to new energy vehicles. Unfortunately, due to the limited capacity of batteries, typical new energy vehicles can only travel for approximate 350 miles on a single charge and require hours to be recharged. Battery swapping mode, as a novel alternative, can offer ideal solutions by depleted batteries being exchanged for recharged ones at swapping stations in the middle of long trips, thus will inevitably influence potential consumers’ purchase behaviors accordingly.Methods: To examine the impact of swapping mode and charging mode on consumers’ purchase intention, this paper examines a duopolistic market consisting of two new energy vehicle makers (i.e., new energy vehicle maker with swapping mode and one with charging mode), who adopting swapping mode and charging mode to service consumers, respectively. Considering swapping mode characterized with low initial investment and ease of use for consumers, the new energy vehicle makers with charging mode, capitalize on battery extended warranty service in response to rivals’ utilization of swapping mode, thereby non-cooperative game models are formulated, in which government subsidies are taken into account, both the optimal production decision for the new energy vehicle maker with swapping mode maker and one with charging mode are analyzed under three scenarios: without extended warranty service, with extended warranty service, and with extended warranty service and subsidy.Results: The results show that two makers’ market dominance relies on the ratio of the swapping station’s convenience to the extended warranty service and the valuation incremental rate. Additionally, we also find that the government subsidy can dramatically improve the performance of the new energy vehicle maker with swapping mode at the initial stage, but if the subsidy is insufficient size at the sequent stage, this will lead to policy failure and inefficiency in propelling the diffusion of swapping mode.Conclusions: The emerging swapping mode technology is a promising innovative one in boosting new energy vehicle diffusion, which will supplement to charging mode, thus reduce climate change dramatically

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.

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