Low-Carbon Incentives and the Diffusion for New Energy Vehicles: Evidence from Shanghai

Yumin Li, Shiyuan Li, Guodong Li and Minquan Liu

MPRA Paper from University Library of Munich, Germany

Abstract: Governments have been heavily involved in financing investments that provide environmental benefits. The Chinese government has provided various green incentives for the new energy vehicle (NEV) industry. This study evaluates the effectiveness of these low-carbon incentive policies. We estimate a NEV demand model and simulate different policy scenarios. We find that incentive policies have increased the NEV demand by 56.26% during the sample period. Among these incentive policies, free license policy contributed most of the sales. One should, therefore, consider both financial and non-financial incentive policies in future green development program designs.

Keywords: Low-carbon incentive policies; Subsidies; New energy vehicles; Demand estimation (search for similar items in EconPapers)
JEL-codes: L62 O31 (search for similar items in EconPapers)
Date: 2020-12
New Economics Papers: this item is included in nep-ene and nep-env
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:110970

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