Designing government subsidy schemes to promote the electric vehicle industry: A system dynamics model perspective

YA Li (First Author), CC Liang (Participant Author), F Ye (Participant Author), XD Zhao (Participant Author)

科研成果: 期刊稿件期刊论文

8 引用 (Web of Science)

摘要

To ensure green and sustainable development, how to design effective subsidy schemes to promote the electric vehicle (EV) industry has become a critical problem faced by governments. In this paper, using a system dynamics (SD) model that incorporates the dynamic interactions between government, manufacturers, and consumers, we investigate the effects of different subsidy schemes (an acquisition subsidy vs a Research and Development (R&D) subsidy, as well as dynamic vs static subsidies) on the EV industry and environmental protection. Using empirical evidence from China, we verify the proposed model and predict that both an acquisition subsidy and an R&D subsidy can boost EV demand and reduce CO2 emissions. The acquisition subsidy helps to stimulate the sales of EVs more quickly and to a greater extent in the short term, but at great expense; for a given level of government expenditure, the R&D subsidy is more effective in promoting EV penetration and mitigating CO2 emissions. Moreover, the dynamic R&D subsidy scheme outperforms the static one in terms of subsidy efficiency. The study has implications for policy makers designing a subsidy scheme to promote the development of the EV industry.
源语言英语
文章编号103558
页数18
期刊Transportation Research, Part A: Policy and Practice
167
DOI
已出版 - 1月 2023

Corresponding author email

yefei@scut.edu.cn

Project sponsor

Joint Funds of NSFC and Guangdong Province, China
Social Science Foundation of Guangdong, China
Guangdong Basic and Applied Basic Research Foundation, China
National Natural Science Foundation of China (NSFC)

Project No.

U1901222
GD22CGL24
2019A1515011768
2021A1515011884
22ZD082
717710902
72071080

成果物的来源

  • ABDC-A*
  • SSCI
  • SCIE
  • Scopus

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