Comparison and Optimization Strategies of New Energy Vehicle Industry Policies in China and the United States

Abstract

It carries out a comparative analysis of the new energy vehicle industry policy in China and the United States. The focus is on new energy vehicle policy differences between China and the United States and their optimization strategy. With each passing day, global energy and environmental problems worsen. And countries are actively seeking energy transformation to achieve low-carbon and sustainable development. New energy vehicles are essential to achieving energy transformation and are significant to sustainable economic growth. The comparison of policies between China and the United States in this area helps analyze their impact on the economic development of the two countries. Therefore, this comparative analysis of policy in China and the United States comes in handy to help diagnose the influence the policies have had on the two countries' economic development. Policymaking in both countries has rested on government-led subsidies and infrastructure expansion in China and market incentives and private enterprise cooperation in the US. Because of this, the paper will propose some optimization suggestions based on comparative policy analysis in terms of relative advantages and disadvantages to emphasize how balance can be sought in promoting government intervention and market forces to accelerate the popularity of new energy vehicles and seek sustainable traffic. Comparison and optimization strategies of new energy vehicle industry policies in China and the United States.