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The Evolution of China’s New Energy Vehicle Industry from the Perspective of a Technology–Market–Policy Framework

Author

Listed:
  • Peng Yu

    (School of Government, Central University of Finance and Economics, Beijing 100081, China)

  • Jian Zhang

    (School of Government, Central University of Finance and Economics, Beijing 100081, China)

  • Defang Yang

    (School of Management and Economics, Beijing Institute of Technology, Beijing 100081, China)

  • Xin Lin

    (School of Government, Central University of Finance and Economics, Beijing 100081, China)

  • Tianying Xu

    (School of Government, Central University of Finance and Economics, Beijing 100081, China)

Abstract

Since air pollution and energy safety have become two worldwide concerns, New Energy Vehicles (NEVs) are one of the solutions to solve these problems. China has been taking action toward the NEV industry and has been successful. This paper aims to explore the evolution of the Chinese NEV industry. By using a three-dimensional model of technology, market and policy, we collected the national level policies from three NEV developmental stages based on the market sales. We found three reasons for its rising up in China: first, the NEV technical road has been directed by both the government and the market; second, the market has periodicity, so the prospective policies have been set ahead; and third, the government has transformed its role on time. Based on the resource endowment the industry has now, we can draw some inferences on its further development in the longitudinal direction.

Suggested Citation

  • Peng Yu & Jian Zhang & Defang Yang & Xin Lin & Tianying Xu, 2019. "The Evolution of China’s New Energy Vehicle Industry from the Perspective of a Technology–Market–Policy Framework," Sustainability, MDPI, vol. 11(6), pages 1-14, March.
    • Handle: RePEc:gam:jsusta:v:11:y:2019:i:6:p:1711-:d:215901
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    References listed on IDEAS

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    Cited by:

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    2. Bofinger, Peter & Geißendörfer, Lisa & Haas, Thomas & Mayer, Fabian, 2023. "Credit as an instrument for growth: A monetary explanation of the Chinese growth story," W.E.P. - Würzburg Economic Papers 107, University of Würzburg, Department of Economics.
    3. Jizi Li & Yuping Zhou & Dengke Yu & Chunling Liu, 2020. "Consumers’ Purchase Intention of New Energy Vehicles: Do Product-Life-Cycle Policy Portfolios Matter?," Sustainability, MDPI, vol. 12(5), pages 1-23, February.
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    6. Yueling Xu & Wenyu Zhang & Haijun Bao & Shuai Zhang & Ying Xiang, 2019. "A SEM–Neural Network Approach to Predict Customers’ Intention to Purchase Battery Electric Vehicles in China’s Zhejiang Province," Sustainability, MDPI, vol. 11(11), pages 1-19, June.

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