Board gender diversity, government subsidies, and green vehicles sales: Evidence from China

Abstract

Environmental sustainability has emerged as a driver in policy formulation and business operations because of consumer demand and environmental concerns. Consumer behaviors have changed and have led to demand for products such as electric vehicles (EVs), which are less harmful to the environment than vehicles powered by combustible gas engines. Government subsidies play a vital role in developing green technology in emerging industries (Jung & Feng, 2020). Policymakers have supported this emerging industry by providing subsidies at consumer and production levels and by investing in infrastructure such as EV charging stations. These incentives drive consumer demand but also affect the business operations of automotive manufacturers, which have increasingly pivoted to EV production.As the world's largest vehicle market, China accounts for 41% of global EV sales, slightly behind the EU (42%) in 2020. 1 The Chinese government has supported the EV market by providing subsidies for these new energy vehicles (NEVs): hybrids, plug-ins, and hydrogen-powered autos. 2 These incentives were to be in place until the end of 2020 and then replaced with a mandate that required a certain percentage of all sales to be battery-powered. 3

Corporate environmental efforts, government environmental subsidies, and corporate non‐environmental R&D intensity: Evidence from listed firms

“…Financial subsidies are one such cue that can positively influence behavior by providing an external motivation to engage in certain activities. Specifically, previous literature found that the subsidies provide a tangible financial benefit to firms that engage in environmentally friendly behavior, and this financial incentive can serve as a motivator for firms to prioritize and invest in environmental activities (Dong et al, 2019; Singh et al, 2023; Wu et al, 2020). Such financial reward for behavior is a kind of positive behavior cue, which can become the external motivation for firms to engage in certain activities.…”

Effect of Perceived Environmental Knowledge, Performance Expectancy, Perceived Risk on Electric Purchase Intention

“…In addition, antecedent elements that affect consumers' behavioral intention to buy electric vehicles (EVs) include environmental concerns and perceptions of environmental legislation (Zang et al, 2022). The notion of perceived endorsement, encompassing perceived benefit, perceived risk, range anxiety, and attitude, provides additional insight into consumers' intents to acquire electric vehicles (EVs) (Singh et al, 2023). Policymakers and industry players are actively involved in supporting the use of EVs as the EV market continues to develop.…”