Green Drive: Economic Effects of NEV-Supporting Policies
DOI:
https://doi.org/10.54097/hbem.v1i.2317Keywords:
New Energy Vehicle; Economic Effect; Green Drive.Abstract
After the torch was extinguished at the Beijing Winter Olympics, the unforeseen outbreak returned to mainland China. With Shanghai as its focal point in March, China's economy has withstood the harsh winter this spring. To reach the aim of China's GDP growth by 5.5 percent in 2022, the Chinese government recently launched several policies to support the development of the new energy vehicle (NEV) industry on May 31st, 2022, i.e. The Subtraction of Partial Vehicles' Purchase Tax (China's State Taxation Administration (CSTA), 2022) and the Notice on Carrying Out the 2022 New Energy Vehicle Going to the Countryside (China's Ministry of Finance, 2022). In the following section, I will discuss the short run and long run effects of the policies on NEVs.
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