Development Path and Model Design of a New Energy Vehicle in China

Qingbo Tan (), Zhuning Wang, Wei Fan, Xudong Li, Xiangguang Li, Fanqi Li and Zihao Zhao
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Qingbo Tan: School of Business, CITI University of Mongolia, Ulaanbaatar 999097-15141, Mongolia
Zhuning Wang: School of Economics and Management, North China Electric Power University, Beijing 102206, China
Wei Fan: School of Economics and Management, North China Electric Power University, Beijing 102206, China
Xudong Li: School of Economics and Management, North China Electric Power University, Beijing 102206, China
Xiangguang Li: School of Economics and Management, North China Electric Power University, Beijing 102206, China
Fanqi Li: School of Economics and Management, North China Electric Power University, Beijing 102206, China
Zihao Zhao: School of Economics and Management, North China Electric Power University, Beijing 102206, China

Energies, 2022, vol. 16, issue 1, 1-15

Abstract: China has developed a preliminary policy system for the development of new energy vehicles regarding the law, electricity price, grid-connected standards, project management, and financial support, however, defects remain in the policy and market environment, market mechanism, control technology, infrastructure, etc. We analyze new energy vehicles based on the analysis of basic data such as the number of electric vehicles and charging facilities, focusing on industrial development strategies, related subsidies, and tax policies. First, this paper summarizes the development status of China’s new energy vehicles in different scenarios. In 2021, China’s new energy vehicle production was 3545 thousand, and sales amounted to 3521 thousand. According to preliminary estimates, the number of new energy vehicles will exceed 15 million in 2030. The research route for the development of new energy vehicle bottlenecks is proposed. Secondly, we analyze foreign and Chinese policies on different stages and construct the implementation path for the healthy and stable development of China’s new energy vehicles. By comparing the basic indicators, related policies, and related innovation activities of new energy vehicles in China, we conclude that the development of the national electric vehicle industry needs to be increased in terms of government policies, business model innovation, and public awareness.

Keywords: new energy vehicle; industry status; development obstacle; development model design (search for similar items in EconPapers)
JEL-codes: Q Q0 Q4 Q40 Q41 Q42 Q43 Q47 Q48 Q49 (search for similar items in EconPapers)
Date: 2022
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