Government's Influence on The Growth of China's New Energy Vehicle Industry and Directions for Future Policy Enhancement

Yongtao Zheng

doi:10.54097/kzevxn76

Authors

Yongtao Zheng School of Business, Guangdong University of Foreign Studies, Guangzhou, China

DOI:

https://doi.org/10.54097/kzevxn76

Keywords:

New Energy Vehicle, Government Policies, China.

Abstract

Under the background of the global "carbon neutrality" goal and the transformation of energy structure, the New Energy Vehicle (NEV) industry has become the core direction of the global automobile industry reform. As the largest market for automobile production and sales globally, China's industry has entered the mature period from the cultivation period, and the development logic has undergone a deep transformation. This paper focuses on the guiding role of the Chinese government in the NEV industry. It systematically analyzes the evolution of subsidy policies, charging infrastructure construction support policies, and power battery recycling policies, examining how these measures can effectively promote industrial development and highlighting the various problems faced during their implementation. Based on the evaluation, this paper presents policy optimization suggestions, offering practical guidance to address the challenges of industrial maturity and promote the industry's transformation towards product value-driven development, which will contribute to the global "carbon neutrality" goal and strengthen the competitive edge of China's automobile industry.

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