Electric vehicle incentives people s republic of china
China has emerged as a global leader in electric vehicle (EV) sales due to the government's industrial incentive policies. However, as industrial and incentive policies undergo adjustments and the market scales up, the efficacy of mixed incentive policies in a mature market becomes increasingly rele Contact online >>
China has emerged as a global leader in electric vehicle (EV) sales due to the government''s industrial incentive policies. However, as industrial and incentive policies undergo adjustments and the market scales up, the efficacy of mixed incentive policies in a mature market becomes increasingly relevant compared to individual policies.
This paper focuses on the development of the EV industry in China and empirically examines the impact of the government''s incentives on EV adoption in both the public and private domains using data from 61 cities spanning 2009–2018.
Battery electric vehicles will get 60 % discount and on the other hand hybrid electric vehicles will receive 35–50 % discount [49, 166]. The policies of electric vehicles in China are categorized by substantial government subsidies, stringent manufacturing quotas, and extensive infrastructure investment.
To promote the development and difusion of electric vehi-cles, central and local governments in many countries have adopted various incentive programs. This study examines the policy and market drivers behind the rapid develop-ment of the electric vehicle market in China, by far the largest one in the world.
Xinming Zang, Xiangfeng Ji, Hui Zhao, Xue Liu; Optimal incentive schemes to achieve a given market share target for new energy vehicles under China''s dual credit policy. J. Renewable Sustainable Energy 1 November 2023; 15 (6): 065902. https://doi /10.1063/5.0171148
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IRENA, Global Energy Transformation: A Roadmap to 2050 (Abu Dhabi: IRENA, 2019), 48.
Junling Liu et al., "Study on Mid- and Long-term Low Carbon Development Pathway for China''s Transport Sector," Climate Change Research 14, no.5 (2018): 513–521.
Yuefu Jin, Energy Conservation and Emission Reduction in China''s Transportation Sector: A Review of Statistics and Regulation (Beijing: Energy Foundation, 2018), 24.
Li Xiaohui, He Defang, and Peng Jie, "The Policy and Future Trend of Development of New Energy Vehicles in the Unites States," Global Science, Technology and Economy Outlook, no.3 (2016): 63–71.
Other national strategic emerging industries include energy conservation and environmental protection industry, new generation information technology industry, bio-industry, new energy industry, high-end equipment manufacturing industry, new material industry.
The digital creative industry was added to national strategic emerging industries since 2017.—Trans.
Whether a policy is a direct or indirect incentive depends on the angle from which we look at the policy and the industrial process in which it is implemented. For example, from the perspective of boosting EV technologies and industrial development, preferential policies that support R&D, investment and land use are direct incentives while EV purchase subsidy is an indirect incentive policy.
Qian Jingjing et al., Low Carbon Development and Early Emissions Peaking in Chinese Cities: Case Studies (2018) (Beijing: Energy Foundation, 2018), 23.
Tan Ruipeng, Tang Di, and Lin Boqiang, "Policy Impact of New Energy Vehicles Promotion on Air Quality in Chinese Cities," Energy Policy 118 (July 2018): 33–40.
IRENA, Innovation Outlook: Smart Charging for Electric Vehicles (Abu Dhabi: IRENA, 2019), 3.
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