Impact of Carbon Emission Policy on the Automotive Industry

Du Li ()
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Du Li: Westa College, Southwest University

A chapter in Proceedings of the 2022 International Conference on Economics, Smart Finance and Contemporary Trade (ESFCT 2022), 2022, pp 19-28 from Springer

Abstract: Abstract IN recent years, China has strictly controlled carbon emissions, aiming to establish and improve the economic system of green and low-carbon circular development and promote China's green development. Carbon emission policies can be beneficial to the automobile industry to promote the achievement of goals such as sustainable development. This study takes BYD, the automobile industry, as an example, to explain the current development situation and prospects of BYD, analyze its operating capacity, growth capacity and solvency, and discuss the impact of carbon emission policies on BYD and the automobile industry, so as to provide reference suggestions for the development of BYD under the current green development background. It is found that the carbon emission policy has more advantages than disadvantages for the automotive industry: increasing the competition in the automotive industry, solving the production capacity problem through the method of survival of the fittest, promoting the sustainable development of the automotive industry, and promoting China's automotive industry to build an international brand to a new level.Therefore, the carbon emissions policy is conducive to the growth of China's auto industry.

Keywords: Carbon emission policy; Low carbon economy; BYD; Financial indicators; Macroeconomic environment (search for similar items in EconPapers)
Date: 2022
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DOI: 10.2991/978-94-6463-052-7_4

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