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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.
Mälardalen University, School of Business, Society and Engineering, Future Energy Center.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 (English)In: Energy Procedia, Elsevier Ltd , 2019, Vol. 158, p. 4311-4317Conference paper, Published paper (Refereed)
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 (ii) The dual-credit scheme can accelerate the elimination of outdated technologies with lower driving mileage, and it can also promote the adoption of technologies with longer driving mileage.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. 

Place, publisher, year, edition, pages
Elsevier Ltd , 2019. Vol. 158, p. 4311-4317
Keywords [en]
Corporate average fuel consumption, Credit trading market, New energy vehicle, The dual-credit scheme
National Category
Other Engineering and Technologies
Identifiers
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
Conference
10th International Conference on Applied Energy (ICAE2018), 22-25 August 2018, Hong Kong, China
Available from: 2019-04-18 Created: 2019-04-18 Last updated: 2019-07-11Bibliographically approved

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Li, Hailong

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