A. VARIOUS "NEW TRIO" INDUSTRIAL SUBSIDIES WITHIN EU. As early as 2006, the EU''s first overall energy strategy stressed the importance of developing new energy such as the "new trio". In
The development of lithium-ion batteries has played a major role in this reduction because it has allowed the substitution of fossil fuels by electric energy as a fuel source [1].
On January 1, 2017, China implemented an updated subsidy program for battery electric vehicles (BEVs); plug-in hybrid electric vehicles (PHEVs), including extended-range vehicles; and fuel
We show that the policy has achieved the goal of expanding government subsidies and had a significantly positive impact on the number of technological innovations
In terms of the influence of policies on TIS dynamics, the Battery Whitelist, in combination with the generous subsidy schemes, had boosted enormous market growth and
To conduct policy characteristics analysis, we analysed 188 policy texts on China''s power battery industry issued on a national level from 1999 to 2020. We adopted a product life cycle perspective that combined four dimensions: policy quantity, policy publishing department (s), policy content and policy tools.
Chinese EVs have benefitted from massive industrial policy support, and their quality is improving, making them attractive to domestic and overseas consumers. An effective response by the U.S., Europe and others
China uses subsidies extensively to take a leading role in the global markets of green-tech products such as battery electric vehicles and wind turbines. Against the background of the current EU investigations into Chinese subsidies in these sectors, this article takes a careful look at the Chinese subsidy system and provides new data on direct government subsidies to
This vigorous development of the new energy vehicle industry has generated many end-of-life power batteries that cannot be recycled and reused, which has brought serious consequences for...
On January 1, 2017, China implemented an updated subsidy program for battery electric vehicles (BEVs); plug-in hybrid electric vehicles (PHEVs), including extended-range vehicles; and fuel cell vehicles (FCVs)—together commonly called new energy vehicles (NEVs). A jointly issued policy update on December 29, 2016,1 by China''s
We show that the policy has achieved the goal of expanding government subsidies and had a significantly positive impact on the number of technological innovations produced by these enterprises, via a partial mediation effect.
Ministry of Finance (MOF), Ministry of Industry and Information Technology (MIIT), Ministry of Science and Technology (MOST), and National Development and Reform Commission detailed the updated program design and adjusted subsidy amounts. The current policy, which will be valid through 2020 (called 2017–2020 Policy Adjustment hereafter), represents the sixth adjustment
As of 2023, China''s central purchase subsidy for new energy vehicles (NEVs) has oficially ended.1 In fact, the central government has gradually phased down purchase subsidies over the past few years before discontinuing them at the end of 2022.
In terms of the influence of policies on TIS dynamics, the Battery Whitelist, in combination with the generous subsidy schemes, had boosted enormous market growth and technological advancement of the domestic battery industry (Intermediary 3): the number of firms increased rapidly in this period (F1); CATL became the global top 1 battery
Chinese EVs have benefitted from massive industrial policy support, and their quality is improving, making them attractive to domestic and overseas consumers. An effective response by the U.S., Europe and others must take account of both facts. Industrial Policy Support. China has used a wide range of tools to promote the EV sector.
China regards the development of new energy vehicles (NEVs) as an important breakthrough to achieve the periodic goals of carbon peaking and carbon neutrality.
In the past few years, the Chinese government has issued a large number of policies and plans for the NEV industry, including purchase subsidy policies, energy conservation and emission reduction policies (Wu et al., 2021), and supporting industrial policies for battery charging piles (Yang et al., 2013). These policies can be summarized in the
Our analysis identifies two main types of government subsidy strategies for power battery modular innovation investments: technology investment subsidies and production volume subsidies. Technology investment subsidies, exemplified by policies in Germany and South Korea, primarily support battery technology research and innovation.
Subsidies and incentives for EVs almost doubled by nearly USD 30 billion. An increasing number of countries have committed to phasing out internal combustion engines or
In the era of big data, the automotive industry is gradually integrating with internet connectivity, environmental engineering, information science, and energy industries, as the structure of the automotive industry is reshaped. The "New Energy Vehicle Industry Development Plan (2021–2035)" issued in 2020, had NEVs and intelligent
Our analysis identifies two main types of government subsidy strategies for power battery modular innovation investments: technology investment subsidies and
To conduct policy characteristics analysis, we analysed 188 policy texts on China''s power battery industry issued on a national level from 1999 to 2020. We adopted a
The rapid development of the new energy vehicle industry is an essential part of reducing CO2 emissions in the transportation sector and achieving carbon peaking and carbon neutrality goals. This vigorous development of the new energy vehicle industry has generated many end-of-life power batteries that cannot be recycled and reused, which has brought
As of 2023, China''s central purchase subsidy for new energy vehicles (NEVs) has oficially ended.1 In fact, the central government has gradually phased down purchase subsidies over
Developing a new energy vehicle industry (NEV) is important in addressing climate change and the global energy crisis (Gass et al., 2014).As part of a new round of global technological innovations, the NEV industry has emerged as strategically important in accelerating climate change-related innovation in countries around the world (Meckling and Nahm, 2019).
The adjustment of China''s new energy vehicle industry policy in 2016 meets these two requirements. As the subsidy adjustment policy can be viewed as an exogenous policy shock, it works as a quasi-natural experiment to examine the causal effect of myopic management on innovation. In the first step, we introduce the year of the policy as the comparison time and
Worldwide, yearly China and the U.S.A. are the major two countries that produce the most CO 2 emissions from road transportation (Mustapa and Bekhet, 2016).However, China''s emissions per capita are significantly lower about 557.3 kg CO 2 /capita than the U.S.A 4486 kg CO 2 /capitation. Whereas Canada''s 4120 kg CO 2 /per capita, Saudi Arabia''s 3961
This vigorous development of the new energy vehicle industry has generated many end-of-life power batteries that cannot be recycled and reused, which has brought serious consequences for...
Subsidies and incentives for EVs almost doubled by nearly USD 30 billion. An increasing number of countries have committed to phasing out internal combustion engines or setting ambitious targets to electrify their vehicles by 2030. Aside from policy targets, many manufacturers have ambitious plans to electrify their fleets [4].
In addition to annually reducing the amount of subsidy for public and private purchases, these policy adjustments also imposed more stringent technical requirements (e.g., energy density, driving range, etc.) for receiving subsidies in order to promote the development of core battery technologies by the domestic firms (policy aims at low-levels).
They found that the original profit-sharing status would change after the government subsidy was introduced into the model. In conclusion, the government has noted that the power battery recycling industry can reap more benefits. The government’s policies are relatively broad, with most documents and policies being macrolevel guidance.
In conclusion, governments should introduce policies to support companies that handle renewable power battery recycling to optimize the structure of the power battery recycling industry and achieve the goal of balanced economic growth and environmental protection. The results of this paper provide a basis for government policy.
Government subsidies can promote recycling companies and consumers to actively recycle EoL power batteries. The government hopes to achieve the goal of optimal total social gain by employing subsidies. However, the government will only act if the net benefit to society is greater than the subsidy paid by the government.
Overall, as this is an emerging industry, the government’s focus varied in different periods, with the initial focus being on R&D and the production of the power battery industry to promote its development.
The government prefers to use environment-side and supply-side policy tools to plan the development of the power battery industry, while demand-side policy tools have a certain traction effect on expanding market demand and improving market mechanisms.
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