Research On The Impact Of Government Subsidies And Tax Incentives On The Operating Performance Of New Energy Vehicle Enterprises

In 2010,China listed the new energy automobile industry as a strategic emerging industry for key support.The state has issued a series of industrial policies to support the development of enterprises in the industry,among which government subsidies and tax incentives are common policy tools used by the government to support enterprises.In recent years,China’s new energy vehicle industry continues to grow,the production and sales of cars ranked first in the world.However,in this process,there are still some problems that can not be ignored,such as the lack of development in key areas,excessive dependence of enterprises on government subsidies,cheating and so on.Whether government subsidies and tax incentives really promote the progress of enterprises is an open question.This paper first expounds the theoretical basis of the impact of fiscal and tax policies on enterprise performance,and deeply analyzes the mechanism of the impact of government subsidies and tax incentives on enterprise performance.Then,this paper analyzes the current situation of China’s new energy vehicle industry,and comes to the conclusion that the industry is developing rapidly,but the development of key areas is insufficient.Then,this paper carefully combs the government subsidies and tax incentives enjoyed by China’s new energy vehicle industry at the present stage,and analyzes the existing problems.Then,based on the data of listed enterprises in the new energy vehicle industry from 2015 to 2020,this paper empirically analyzes the impact of government subsidies and tax incentives on the business performance of enterprises related to new energy vehicles.In this paper,the factor analysis method is used to summarize the operating performance indicators of enterprises,so as to better reflect the actual operating conditions of enterprises.This paper finds that government subsidies have no significant impact on the performance of new energy vehicle enterprises,while tax incentives significantly promote the improvement of enterprise performance.From the perspective of different enterprises,government subsidies are more conducive to the development of upstream enterprises,while tax incentives are conducive to the improvement of business performance of middle and downstream enterprises.Finally,suggestions are put forward based on the above analysis:tax incentives:appropriately increase the intensity of enterprise tax incentives,according to the characteristics of different enterprises,the implementation of differentiated policies,while improving the rule of law,standardization construction,etc.;In terms of government subsidies,subsidy funds should be inclined to middle and upper reaches enterprises,and government subsidies should be innovated.