Research On The Incentive Effect Of Fiscal Subsidy Policy On My Country's New Energy Vehicle Enterprise

With the improvement of people’s living standards around the world,the automotive industry,which is taking off gradually,has attracted great attention due to its huge reserves and carbon emissions.New energy vehicles have become the trend of development in the automotive industry in the context of governments actively searching green development in the industry.Faced with the dual threats of climate and energy,the new energy vehicle industry has also received active support from our Chinese government,and has intensively promulgated and implemented a number of policies to promote its development,of which the financial subsidy policy is the most powerful support policy.With the support of government subsidies and other advantages,China’s new energy automotive industry has achieved excellent results,but also brought new challenges.The amount and mode of financial subsidies have caused some negative phenomena such as subsidy fraud and no significant progress in technological innovation.This paper analyses the incentive effect of new energy automotive enterprises under the government financial subsidies policy from multiple perspectives,in order to more intuitively optimize the part with positive incentives and dig for the part with negative incentives.Then it can be improved in time and targeted.This paper combs and summarizes the relevant literature on government financial subsidies,new energy automotive enterprises and enterprise performance,combines theoretical research with case analysis and comparative analysis,starting from the overall development background of the new energy automotive industry in China,summarizes and analyzes the specific implementation of the financial subsidies policy for the new energy automotive industry.Based on all these three factors of government subsidy amount,annual sales of business composition and new energy automobiles which are obtained by various new energy automobile companies,all sample selection is finally determined.From the reason of sample selection to the analysis of sample development status,and to determine the analysis indicators of financial subsidies on the incentive effect of this sample,from financial performance and non-financial performance to analyze the impact of the sample,non-financial performance mainly selects its R&D innovation capacity.For financial performance,select the three indicators of profitability,operational capacity and development capacity of sample enterprises to conduct a comprehensive analysis.For R&D innovation capacity,select the indicators of technological innovation,growth and operation,and auxiliary indicators for analysis.Using externality theory,and through the data analysis of the conclusions and data trends,the incentive effect of government financial subsidies on new energy automotive enterprises is obtained.The positive incentive effect of financial subsidies on enterprise financial performance is obvious,and the positive incentive effect on enterprise R&D innovation ability is also short-term,but the long-term effect is not obvious.This paper gives specific suggestions for the improvement of enterprises in the market environment,in order to help enterprises have better development prospects in the new policy background.