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

Fansheng Meng and Xiaoye Jin
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Fansheng Meng: School of Economics and Management, Harbin Engineering University, Harbin 150001, China
Xiaoye Jin: School of Economics and Management, Harbin Engineering University, Harbin 150001, China

Sustainability, 2019, vol. 11, issue 9, 1-19

Abstract: 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.

Keywords: new energy vehicles; development ability; influencing factor; improved entropy method; catastrophe progression method (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2019
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

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