Research On The Influence Of Dual-credit Policy On The New Energy Vehicle Industry

The new energy vehicle industry is vital to energy security and environmental protection.In light of the reality of China’s new energy vehicle industry,the government has decided to retreat the subsidies for new energy vehicles.In order to ensure the healthy development of the new energy vehicle industry,the Chinese government has issued a dual-credit policy.The implementation of the dual-credit policy has changed the way of supporting the new energy vehicle industry,and gradually shifting subsidy-driven to market-driven.Therefore,under the background of subsidy backslope,it is of great significance to study the influence of the dualcredit policy on the new energy vehicle industry.Based on the above background,this paper aims to explore the role of dual-credit policy in the new energy vehicle industry.Firstly,based on the premise of subsidy backslope,this paper establishes a three-stage gaming model between government,traditional fuel auto companies and new energy auto companies under the dual-credit policy and under without the policy constraint,and the equilibrium solution is solved by using the inverse induction method,and then comparatively the equilibrium solution is analyzed in order to solve the production problems of new energy vehicles under the dual-credit policy.Finally,this paper carries out numerical simulation analysis.The influence of the new energy vehicle integral ratio requirement and the average fuel consumption target value of the enterprise on the new energy automobile enterprises are discussed.The study shows that:(1)The dual-credit policy can effectively promote the development of the new energy automobile industry and reduce the negative effects of the subsidy backslope on the new energy automobile industry.(2)The price of new energy vehicles under the dualcredit policy depends on the relevant parameters,and the critical conditions are given for the new energy vehicle integral ratio requirements.When the new energy vehicle integral ratio requirement is less than the critical condition,the price of the new energy vehicle under the dual-credit policy is lower than the price of the new energy vehicle without the dual-credit policy.When the new energy vehicle integral ratio requirement is more than the critical condition,the result is opposite.(3)The output of new energy vehicles under the double integral policy is positively correlated with the new energy vehicle integral ratio requirements,and it is negatively correlated with the average fuel consumption target value of the company.(4)Increasing the integral ratio requirement of new energy vehicles or lowering the average fuel consumption target value of enterprises are beneficial to the development of new energy automobile industry.Finally,based on the corresponding conclusions,the recommendations are proposed to provide a reference for the government to promote the development of new energy vehicles.