The impact of government policy on preference for NEVs: the evidence from China

Xian Zhang, Ke Wang, Yu Hao, Yi-Ming Wei and Jing-Li Fan

No 88, CEEP-BIT Working Papers from Center for Energy and Environmental Policy Research (CEEP), Beijing Institute of Technology

Abstract: To reduce gasoline consumption and emissions, the Chinese government has introduced a series of preferential policies to encourage the purchase of New-Energy Vehicles (NEVs). However, enthusiasm for the private purchase of NEVs appears to be very low. This timely paper addresses the need for an empirical study to explore this phenomenon by identifying purchase motivations of potential NEV consumers and examining the impact of government policies introduced to promote NEVs in China. A questionnaire survey was carried out. The acceptance of NEVs is measured in three different Logistic models: the willingness of consumers to purchase NEVs, the purchasing time and the acceptable price, the establishment of three multivariate logistic regression models. The results showed that financial benefits, performance attributes, environmental awareness and psychological needs are the four most important factors influencing consumers' acceptance of NEVs. Among these, performance attributes rather than financial benefits is the most important indicator. The moderating effect of government policies to relations between purchasing intention, time and price is not strong as respected while the policy implications are clear that the 'public awareness of government policy' functions as a moderator in the process of acceptance. These findings could give some hints to the government to make better NEV industry policy.

Keywords: New Energy Vehicles; Government Policy; Purchasing Motivations (search for similar items in EconPapers)
JEL-codes: Q40 Q54 (search for similar items in EconPapers)
Pages: 28 pages
Date: 2016-02-03
New Economics Papers: this item is included in nep-cna and nep-env
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
http://ceep.bit.edu.cn/docs/2018-10/20181011145154401795.pdf (application/pdf)
Our link check indicates that this URL is bad, the error code is: 404 Not Found (http://ceep.bit.edu.cn/docs/2018-10/20181011145154401795.pdf [302 Found]--> https://ceep.bit.edu.cn/docs/2018-10/20181011145154401795.pdf)

Related works:
Journal Article: The impact of government policy on preference for NEVs: The evidence from China (2013)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:biw:wpaper:88

Access Statistics for this paper

More papers in CEEP-BIT Working Papers from Center for Energy and Environmental Policy Research (CEEP), Beijing Institute of Technology Contact information at EDIRC.
Bibliographic data for series maintained by Zhi-Fu Mi (mizhifu@126.com).