The Evolution of China’s New Energy Vehicle Industry from the Perspective of a Technology–Market–Policy Framework

In order to alleviate the pressures of environmental pollution and the energy crisis, and to lay out and capture huge emerging markets as soon as possible, all countries in the world are vigorously developing new energy vehicles (NEVs). This paper analyzes the factors influencing the development capability of the NEV industry from the aspects of autonomy, controllability, and stability, and constructs an evaluation index system. Based on the improved entropy method and the catastrophe progression method, we establish an evaluation model for the development capability of China’s NEV industry and comprehensively evaluate the development capability of 15 new energy auto companies. An empirical analysis finds that the outlook for the overall development capability of China’s NEV industry is not optimistic, and there is a big gap in the industry, lacking core technology and independent innovation capability. We propose countermeasures such as increasing research and development (R&D) investment and innovation, and improving policy support.

“…NEVs are different from traditional fuel-powered vehicles, in that they use unconventional fuel as their power source [16]. "Made in China 2025" defines the concept of NEVs [17].…”

Section: Literature Reviewmentioning

confidence: 99%

Evaluation of the Development Capability of the New Energy Vehicle Industry: An Empirical Study from China

Meng

Jin

2019

“…However, the market positioning of each NEV enterprise is different. In the future, we can combine the data on specific NEV enterprises to conduct empirical research, which would be more practical for specific NEV enterprises [2,9]. On the other hand, China's NEV market is still a policy-driven market.…”

Section: Limitations and Directions For Further Researchmentioning

confidence: 99%

“…Vehicles provide considerable convenience to consumers, although they also cause air pollution. Exhaust pollution and energy crises are becoming worse in the 21st century [1], and new energy vehicles (NEVs) are important for addressing these pollution issues [1,2]. However, the sales of NEVs account for only a small portion of the current automotive market [3].…”

Section: Introductionmentioning

confidence: 99%

System Dynamics Model for the Evolutionary Behaviour of Government Enterprises and Consumers in China’s New Energy Vehicle Market

Sun

Wan

2020

Exhaust pollution and energy crises are worsening worldwide. China has become the largest motor vehicle producer; thus, promoting the use of new energy vehicles (NEVs) in China has important practical significance. In this paper, considering the limited rationality of governments, NEV enterprises and consumers, we study the subsidy policy of the China NEV market using the evolutionary game and system dynamics (SD) methods. First, a tripartite evolutionary game model is developed and the replicator dynamics equations and Jacobian matrix are obtained. A SD simulation of the model was conducted to further clarify the impact of the initial market proportion and three variables used in the model. The results show that the initial market proportion affects the evolution speed but does not affect the evolution result when the three group players all choose a mixed strategy. For governments, they should not hastily cancel price subsidies provided to consumers; rather, they should dynamically adjust the rate of the subsidy decrease and increase the consumers' extra cost for purchasing fuel vehicles (FVs). NEV enterprises should appropriately increase their investments in the research and development (R&D) of NEVs.

“…From January to June in 2019, China's NEV market saw a 48.5% and 49.6% increase in terms of production and sales compared with the same period of last year, which stood at 614 thousand units and 617 thousand units, respectively [29]. In addition, global NEV sales in the first quarter of 2019 exceeded 500 thousand units, up 58% year-on-year, which implies that China has contributed almost half of the NEV sales [29], and thereby has become the world's largest nation in term of the accumulated NEV sales [8,9].…”

Section: Interim Measures For the Management Of Recycling And Utilizamentioning

confidence: 99%

Consumers’ Purchase Intention of New Energy Vehicles: Do Product-Life-Cycle Policy Portfolios Matter?

Zhou

et al. 2020

New energy vehicles have been recognized as a sustainable alternative to lower gasoline consumption and emissions in the transportation sector. To alleviate environmental pressure, a spectrum of government policies has been introduced to inspire the production and penetration of new energy vehicles (NEVs). Meanwhile, some of the incentive policies are facing renewals and modifications to meet consumers’ demand of purchase and the present growth of the NEV industry. This means that the understanding of what the current and upcoming policies are, how to formulate policy portfolios, and consumers’ purchasing NEV behavior in a response to these policies and its adjustment are of practical and academic importance for the NEV sector. Different from prior research which analyzed the role of government policy as a whole, we here separately examined the impact of policy portfolios (i.e., production policy, purchase/usage policy and recycle policy) on NEV adoption from the product life cycle perspective. The hypotheses were empirically tested by analyzing data collected from 299 respondents in China. The results showed that production policy has a significantly positive impact on financial benefits, esteem needs and infrastructure, whereas it insignificantly influences NEV performance; similarly, purchase/usage policy positively affects esteem needs and infrastructure, yet its effect on financial benefits is found to be insignificant; meanwhile, recycle policy has a significantly positive effect on financial benefits, and esteem needs as well as NEV performance. Furthermore, financial benefits, esteem needs, NEV performance and infrastructure are found to significantly and positively impact on consumers’ purchase intention. Parallel to this, we observed perceived usefulness and perceived ease of use play partially mediating relations between policy portfolios and consumers’ adoption intent. Hints for decision-makers and avenues for future study are discussed in this research.