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Impact of Carbon Trading Mechanism Considering Blockchain Technology on the Evolution of New Energy Vehicle Industry in the Post-Subsidy Era

Author

Listed:
  • Wenhui Zhao

    (College of Economics and Management, Shanghai Electric Power University, Shanghai 201306, China)

  • Yimeng Liu

    (College of Economics and Management, Shanghai Electric Power University, Shanghai 201306, China)

  • Jiansheng Hou

    (Jinhua Power Supply Company, Jinhua 321035, China
    State Grid Zhejiang Electric Power Co., Jinhua 321000, China)

  • Lifang Liu

    (Shanghai Qiyuan Core Power Technology Co., Ltd., National Power Investment Green Power Transportation Industry Innovation Center, Shanghai 201700, China)

Abstract

The incentives for the new energy vehicle industry have been decreasing year by year, and the industry has gradually returned from being “government-oriented” to “market-oriented”. In this context, motivating car companies and consumers to choose new energy vehicles to reach the dual-carbon goal is an urgent problem to be solved. In this study, we consider using blockchain technology to include the new energy vehicle industry in carbon trading, analyze the strategic choices of the government, automobile manufacturers, and consumers from the perspective of evolutionary games, and use MATLAB 2017b to conduct simulation analysis. The results show that (1) the implementation of a carbon trading mechanism by the government is favorable to automobile manufacturers and consumers in choosing new energy vehicles, but it is greatly influenced by the costs of technology implementation; (2) the government can induce consumers and automakers to choose new energy vehicles through total control and initial carbon quotas; and (3) the additional investment costs of automobile manufacturers will affect their willingness to produce new energy vehicles, and the government can adjust the existing “double points” policy to encourage automobile manufacturers to choose to produce new energy vehicles.

Suggested Citation

  • Wenhui Zhao & Yimeng Liu & Jiansheng Hou & Lifang Liu, 2023. "Impact of Carbon Trading Mechanism Considering Blockchain Technology on the Evolution of New Energy Vehicle Industry in the Post-Subsidy Era," Sustainability, MDPI, vol. 15(17), pages 1-18, September.
    • Handle: RePEc:gam:jsusta:v:15:y:2023:i:17:p:13190-:d:1231410
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    References listed on IDEAS

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