气候变化领域集成服务门户(CCPortal): A review of evolutionary policy incentives for sustainable development of electric vehicles in China: Strategic implications

CCPortal

DOI	10.1016/j.enpol.2020.111983
	A review of evolutionary policy incentives for sustainable development of electric vehicles in China: Strategic implications
	Wu Y.A.; Ng A.W.; Yu Z.; Huang J.; Meng K.; Dong Z.Y.
发表日期	2021
ISSN	03014215
卷号	148
英文摘要	The Chinese government has introduced policy measures and financial incentives to promote electric vehicles (EVs) in alignment with its advanced industrial development and environmental sustainability. In order to stimulate market adoption and technological innovation, a dual-credits policy regime with strictly guided subsidies was first announced in 2017 and then tightened up in 2019 by relevant authorities of the central government. This study focuses on examining the latest development of EV policy in the Chinese mainland. It reviews the pertinent national-level policy measures and financial incentives for sustainable development of the EV industry in a macro scope over the past decade. Further, we develop a mathematical model to quantify the impact of the most update policy – the dual-credits policy regime. Our simulation results reveal a significant gap between the recent EV sales and the estimated future EV production needed under the new policy regime. Such significant gap implies remarkable policy pressure and inevitable execution challenges of the recently tightened dual-credits regime. In conclusion, we articulate strategic implications for EV market participants in China. Upcoming challenges including gradual phasing out of financial support and impending market competition are discussed. © 2020 Elsevier Ltd
关键词	China Electric vehicle Financial subsidy Policy incentives Sustainable development
英文关键词	Commerce; Competition; Electric vehicles; Finance; Planning; Sustainable development; Central government; Electric Vehicles (EVs); Environmental sustainability; Financial incentives; Industrial development; Latest development; Market participants; Technological innovation; Environmental protection; competition (economics); electric vehicle; financial provision; policy development; strategic approach; sustainable development; technological development; China
语种	英语
来源期刊	Energy Policy
文献类型	期刊论文
条目标识符	http://gcip.llas.ac.cn/handle/2XKMVOVA/205407
作者单位	Research Centre for Green Energy, Transport and Building, School of Professional Education and Executive Development, College of Professional and Continuing Education, The Hong Kong Polytechnic University, Hong Kong, Hong Kong; Paul H. O'Neill School of Public and Environmental Affairs, Indiana University, Bloomington, IN, United States; State Grid Electric Power Research Institute, China; School of Electrical Engineering and Telecommunications, University of New South Wales, Australia; Director of UNSW Digital Grid Futures Institute, School of Electrical Engineering and Telecommunications, University of New South Wales, Australia
推荐引用方式 GB/T 7714	Wu Y.A.,Ng A.W.,Yu Z.,et al. A review of evolutionary policy incentives for sustainable development of electric vehicles in China: Strategic implications[J],2021,148.
APA	Wu Y.A.,Ng A.W.,Yu Z.,Huang J.,Meng K.,&Dong Z.Y..(2021).A review of evolutionary policy incentives for sustainable development of electric vehicles in China: Strategic implications.Energy Policy,148.
MLA	Wu Y.A.,et al."A review of evolutionary policy incentives for sustainable development of electric vehicles in China: Strategic implications".Energy Policy 148(2021).