Research On The Influence Of Fiscal And Tax Policies On New Energy Automobile Industry

Manufacturing industry is a pillar industry of the national economy,and the automobile industry is an important part of the manufacturing industry,which plays a fundamental role in stimulating domestic demand,increasing employment and promoting economic growth.The new energy automobile industry is in line with the basic concept of sustainable development and follows the trend of high-quality development of the manufacturing industry,which is the only way for the development of the automobile industry.However,in the development process of the new energy automobile industry,there are some problems,such as insufficient investment in research and development,insufficient release of consumer market potential,and imperfect infrastructure,which need the support and guidance of government policies.Fiscal and taxation policies are important tools of the government’s macro-control.They not only play an important role in maintaining macroeconomic stability and optimizing economic structure,but also have a far-reaching impact on the adjustment and optimization of industrial structure.In 2023,the government work report proposed to adopt measures such as reducing and reducing vehicle purchase tax to promote automobile consumption.Therefore,studying the impact of fiscal and tax policies on the new energy automobile industry is of great significance for the government to further optimize the fiscal and tax policies of the new energy automobile industry and promote the sustainable and steady development of the industry.In addition,the development of an industry not only depends on the progress of its core technology,but also will be affected by the industrial value chain.Based on this,from the perspective of value chain,this paper studies the impact of fiscal and tax policies on the new energy automobile industry,and compares the impact difference of fiscal subsidies and tax incentives on the industry,so as to put forward suggestions for the government to implement targeted and accurate fiscal and tax policies on the new energy automobile industry.Based on the value chain perspective,this paper summarizes the relevant literature at home and abroad and makes a brief review,and puts forward the research ideas of this paper.The relevant theoretical basis and mechanism of financial subsidies and tax incentives on the new energy automobile industry are expounded.Analyze the development status of the new energy automobile industry,sort out the fiscal and tax preferential policies at the end of the value chain of the new energy automobile industry,and summarize the problems existing in the current fiscal and tax policies,which lays a realistic foundation for the research of this paper.On this basis,taking the new energy vehicle concept stock listed enterprises from 2010 to 2021 as research samples,the two-way fixed effect model is established.Firstly,the influence of fiscal subsidies and tax incentives on the performance of new energy vehicle enterprises is analyzed.Then,the heterogeneity analysis is carried out from the region and ownership nature of the enterprise to explore whether there are differences in the impact of fiscal and tax policies on the performance of new energy vehicle enterprises in different regions and different ownership.The empirical results show that both financial subsidies and income tax incentives have a positive incentive effect on the performance of new energy vehicle enterprises,but the incentive effect of income tax incentives is greater than that of financial subsidies,and the effect of turnover tax incentives on enterprise performance is not significant.From the perspective of regions and different ownership,fiscal subsidies have greater incentive effect on the performance of eastern regions and non-state-owned new energy vehicle enterprises.The incentive effect of income tax incentives on the performance of non-eastern regions and state-owned new energy vehicle enterprises is more significant.Finally,based on the existing problems in the current fiscal and tax policies of the new energy automobile industry and the empirical analysis results,corresponding policy suggestions are put forward from the perspectives of the overall development of the industry and the value chain.