Synergistic Impacts of China’s Subsidy Policy and New Energy Vehicle Credit Regulation on the Technological Development of Battery Electric Vehicles
Abstract
:1. Introduction
2. Materials and Methods
2.1. Materials
2.1.1. The Rationale of China’s Subsidy Schemes
2.1.2. The Rationale of China’s NEV Credit Regulation
2.1.3. Theoretical Analysis of the Chinese BEV Market
2.2. Methods
2.2.1. Average Electricity Consumption Rate
2.2.2. Vehicle Cost Model
2.2.3. Contribution Rate of Subsidy
2.2.4. Credit Cost-Effectiveness
3. Results
3.1. Contribution Rate of Subsidy
3.2. Credit Cost-Effectiveness under the NEV Credit Regulation
3.3. Credit Cost-Effectiveness under the Subsidy Scheme and NEV Credit Regulation
4. Discussion and Policy Implications
5. Conclusions
Author Contributions
Funding
Acknowledgments
Conflicts of Interest
Abbreviations
AER | All-Electric Range |
BEV | Battery Electric Vehicle |
CAFC | Corporate Average Fuel Consumption |
CAFE | Corporate Average Fuel Economy |
CATC | China Automotive Test Cycle |
EPA | Environmental Protection Agency |
EV | Electric Vehicle |
FCV | Fuel Cell Vehicle |
ICE | Internal Combustion Engine |
MIIT | Ministry of Industry and Information Technology |
MSRP | Manufacturer’s Suggested Retail Price |
NEDC | New European Driving Cycle |
NEV | New Energy Vehicle |
NHTSA | National Highway Traffic Safety Administration |
OEM | Original Equipment Manufacturer |
PC | Passenger Car |
PEV | Plug-in Electric Vehicle |
PHEV | Plug-in Hybrid Electric Vehicle |
PM | Particulate Matter |
ZEV | Zero Emission Vehicle |
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Class | Glider Weight (kg) | Technology Cost per % Electricity Consumption Improvement (yuan/%) | Incremental Technology Cost in 2020 (2017¥) | Incremental Technology Cost in 2025 (2017¥) |
---|---|---|---|---|
A00 | 800 | 448 | 3897.6 | 9676.8 |
A0 | 1000 | 480 | 4176 | 10368 |
A | 1200 | 512 | 4454.4 | 11,059.2 |
B | 1600 | 576 | 5011.2 | 12,441.6 |
C | 1800 | 608 | 5289.6 | 13,132.8 |
D | 2000 | 640 | 5568 | 13824 |
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Chen, K.; Zhao, F.; Hao, H.; Liu, Z. Synergistic Impacts of China’s Subsidy Policy and New Energy Vehicle Credit Regulation on the Technological Development of Battery Electric Vehicles. Energies 2018, 11, 3193. https://doi.org/10.3390/en11113193
Chen K, Zhao F, Hao H, Liu Z. Synergistic Impacts of China’s Subsidy Policy and New Energy Vehicle Credit Regulation on the Technological Development of Battery Electric Vehicles. Energies. 2018; 11(11):3193. https://doi.org/10.3390/en11113193
Chicago/Turabian StyleChen, Kangda, Fuquan Zhao, Han Hao, and Zongwei Liu. 2018. "Synergistic Impacts of China’s Subsidy Policy and New Energy Vehicle Credit Regulation on the Technological Development of Battery Electric Vehicles" Energies 11, no. 11: 3193. https://doi.org/10.3390/en11113193