A Comparative Study of Renewable Energy Vehicle Policies between China and Japan and Its Implications

Abstract

Sustainable green development, with a particular emphasis on reducing carbon footprints, has emerged as a pressing global concern as nations endeavor to transition towards low-carbon economies. This paper focuses on China and Japan, two leading automobile nations that prioritize the development of New Energy Vehicles (NEVs) and Electric Vehicles (EVs) technologies. A comparative analysis of the EV and NEV policies in these two prominent Asian countries is conducted, delving into various aspects such as incentives, innovations, market promotion strategies, and the development of charging infrastructure. China's NEV industry has made significant strides due to robust government support, fostering a thriving ecosystem for electric vehicles. In contrast, Japan's government and market have adopted a more conservative approach, placing a strong emphasis on hybrid vehicles. While both countries excel in their respective areas of focus, limitations remain. China is continuously seeking more sustainable methods to advance its NEV sector, while Japan faces delays in transitioning from hybrid vehicles to fully electric models. To enhance future competitiveness and propel global efforts towards a low-carbon, sustainable future, this paper provides valuable policy suggestions tailored to the unique challenges faced by both countries.