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The impact of dual-credit scheme on the development of the new energy vehicle industry
Academy of Chinese Energy Strategy, China University of Petroleum-Beijing, Changping, Beijing 102249, China.
Academy of Chinese Energy Strategy, China University of Petroleum-Beijing, Changping, Beijing 102249, China.
Mälardalens högskola, Akademin för ekonomi, samhälle och teknik, Framtidens energi.ORCID-id: 0000-0002-6279-4446
Academy of Chinese Energy Strategy, China University of Petroleum-Beijing, Changping, Beijing 102249, China.
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2019 (engelsk)Inngår i: Energy Procedia, Elsevier Ltd , 2019, Vol. 158, s. 4311-4317Konferansepaper, Publicerat paper (Fagfellevurdert)
Abstract [en]

In order to further promote the development of the new energy vehicle industry, Parallel Management regulation for corporate average fuel consumption and new energy vehicle credits for passenger vehicles (dual-credit scheme) have been proposed by Ministry of Industry and Information Technology in September 2017. This study attempted to investigate the impact of dual-credit scheme on the penetration of new energy vehicles and the short-term strategies of the automotive industry. For this purpose, a market analysis model is proposed based on game theory and the credit market equilibrium to quantify the effects of the credit trading mechanism. Four categories of automakers are considered. The obtained results show that: (i) The dual-credit scheme is indeed an effective policy solution that enables the expansion of the volume of NEV market. (ii) The dual-credit scheme can accelerate the elimination of outdated technologies with lower driving mileage, and it can also promote the adoption of technologies with longer driving mileage. (iii) The dual-credit scheme allows all automakers to achieve their targets in a market efficient manner. 

sted, utgiver, år, opplag, sider
Elsevier Ltd , 2019. Vol. 158, s. 4311-4317
Emneord [en]
Corporate average fuel consumption, Credit trading market, New energy vehicle, The dual-credit scheme
HSV kategori
Identifikatorer
URN: urn:nbn:se:mdh:diva-43137DOI: 10.1016/j.egypro.2019.01.792ISI: 000471031704103Scopus ID: 2-s2.0-85063875536OAI: oai:DiVA.org:mdh-43137DiVA, id: diva2:1305769
Konferanse
10th International Conference on Applied Energy (ICAE2018), 22-25 August 2018, Hong Kong, China
Tilgjengelig fra: 2019-04-18 Laget: 2019-04-18 Sist oppdatert: 2019-07-11bibliografisk kontrollert

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