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Economic Cost Analysis of New Energy Vehicle Policy -Empirical Research Based on Beijing’s Data

Author

Listed:
  • Xuenan Ju
  • Baowen Sun
  • Jieying Jin

Abstract

In recent years, in order to improve Beijing's air quality and reduce vehicle emissions, the Beijing Municipal Government promotes the popularization of new energy vehicles through purchase subsidies, plate lottery, and driving restriction policy. However, the increase in the number of new energy vehicles and the increase in the number of vehicles travelling on roads have intensified the traffic pressure in Beijing. Traffic congestion has increased the emissions of motor vehicle exhaust in turn, resulting in higher socio-economic costs. Based on the actual data of Beijing, this paper quantitatively analyzes the economic cost of new energy vehicle policies by discussing the impact of current new energy vehicle policies on time, energy consumption and tail gas cost. Empirical results show that during the implementation period of the new energy vehicle policy, time cost and tail gas cost increase, energy consumption cost decreases, and the overall economic cost of the policy implementation period increases from 50 million yuan to 321 million yuan.

Suggested Citation

  • Xuenan Ju & Baowen Sun & Jieying Jin, 2019. "Economic Cost Analysis of New Energy Vehicle Policy -Empirical Research Based on Beijing’s Data," International Business Research, Canadian Center of Science and Education, vol. 12(4), pages 153-162, April.
  • Handle: RePEc:ibn:ibrjnl:v:12:y:2019:i:4:p:153-162
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    References listed on IDEAS

    as
    1. Delucchi, Mark A., 2004. "Summary of the Nonmonetary Exernalities of Motor-Vehicle Use: Report #9 in the series: The Annualized Social Cost of Motor-Vehicle Use in the United States, Based on 1990-1991 Data," Institute of Transportation Studies, Working Paper Series qt9367d6jg, Institute of Transportation Studies, UC Davis.
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    More about this item

    Keywords

    New Energy Vehicle (NEV); policy cost; economic cost; Beijing;
    All these keywords.

    JEL classification:

    • C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data; Spatio-temporal Models
    • F31 - International Economics - - International Finance - - - Foreign Exchange
    • F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics

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