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It is difficult for recyclers and consumers to cooperate proactively in recycling end-of-life power batteries. Thus, it is found that government subsidies to recycling companies and consumers can maximize social welfare at the lowest government cost.
(1) Government subsidies can encourage him to adopt the encroachment strategy (win–win), but the government also needs to set a reasonable subsidy level, which should not be too high. (2) If the power battery recycling market is in its infancy and the recycling market scale is small, the government will subsidize her.
If the power battery recycling market is in a mature stage, the recycling market scale is large, and the government’s financial pressure increases, then the government can cancel subsidies because his channel encroachment strategy can also ensure environmental and social welfare.
We can infer that the effective combination of subsidy policy and dual credit policy effectively improves the endurance level of batteries. To a certain extent, for the decision of the battery endurance level of the battery supplier, the effect of the subsidy policy is better than the dual credit policy.
Specifically, battery R&D subsidies reduce the cost and enhance the performance of batteries, alleviating consumers’ anxiety related to battery range. The technological upgrade of batteries also reduces consumer mistrust and resistance towards EVs, thereby enhancing the attractiveness of EVs to consumers and expanding the market.
In conclusion, governments should introduce policies to support companies that handle renewable power battery recycling to optimize the structure of the power battery recycling industry and achieve the goal of balanced economic growth and environmental protection. The results of this paper provide a basis for government policy.
Real-World Implementations Across Diverse Sectors
It also considers the vertical cooperative innovation decision-making behavior of new energy vehicle supply chain members, discusses the effects of the dual-credit policy and subsidy policies on battery innovation and station-building decisions within the new energy vehicle supply chain, and incorporates incentive contracts into the model to explore their combined …
Get Price >>The development of new energy vehicles has become a common choice for countries worldwide to reduce greenhouse gas emissions and improve the global ecological …
Get Price >>The combination of the subsidy policy and the dual-credit policy can expand consumer demand and amplify the incentive effect of the policy on the station-building level of …
Get Price >>Subsidy policy: Since 2010, the subsidy policy for NEVs has been implemented, which provides certain financial subsidies to eligible NEVs such as pure electric vehicles and plug-in hybrid vehicles. Starting in 2019, subsidy policies have gradually shifted towards fiscal incentive policies guided by technological innovation (Qu et al., 2022).
Get Price >>Consequently, we propose three suggestions: The government should 1) use big data technology to supervise subsidies and design a real-time reporting mechanism and …
Get Price >>"The dual credit policy" issued in 2017 represents the industrial policy''s impact on leading the new energy vehicle industry transit from being policy driven to market driven, the gradual withdrawal of subsidy policy, and the function of the market mechanism (In September 2017, the Ministry of Industry and Information Technology and other five departments jointly …
Get Price >>As the largest developing country, the Chinese government has successively piloted new energy vehicles (NEV) subsidy policy in different cities since 2009, including direct subsidies for consumers to purchase new energy vehicles and R&D subsidies for Alternative fuel vehicles enterprises. 2022 was the final year of subsidies for new energy vehicles, and the …
Get Price >>Whether the new energy vehicle pilot policy (NEVPP) can achieve green innovation and emission reduction is an important exploration for China to achieve green and …
Get Price >>4 · Highlights • Research on the battery swapping strategy game among stakeholders. • Analysis of consumer preferences for "buy out battery packs" and "rent battery packs". • …
Get Price >>Due to the advantage of electric vehicles (EVs) 1 that can reduce exhaust emissions and improve energy efficiency, vigorously developing EV industry can not only alleviate energy and environmental pressures, but also acclerate the transformation and upgrading of the automotive industry, fostering new economic growth points and new international competitive …
Get Price >>New energy vehicles (NEVs) are considered to ease energy and environmental pressures. China actively formulates the implementation of NEVs development plans to promote sustainable development of the automotive industry. In view of the diversity of vehicle pollutants, NEV may show controversial environmental results. Therefore, this paper uses the quantile-on …
Get Price >>The proportion of new energy passenger cars, average rate of change in the quality of passenger cars, and the share of renewable energy power generation were used as evaluation indicators to conduct scenario simulations for assessing the environmental benefits under the following policy scenarios: lightweight, electrification, and end-use energy cleaning …
Get Price >>The analysis results show the cost of renewable energy power subsidy was 0.248 CNY/kWh between 2006 and April 2011, which was distributed among different renewable energy power types (including wind power, biomass power, and solar PV power) or categories (including electricity price, accessing-grid projects, and public independent renewable energy power …
Get Price >>China has released pertinent laws and policies regarding expenses, subsidies, efficient environmental protection, and the benefits of carbon neutrality for new energy electric vehicles. 2.
Get Price >>The results show that: (1) the recovery subsidy policy can improve the formal recycling quantity and economic benefits of recovery, but the effect on the degree of …
Get Price >>Policy-1 was issued in 2010. The content of the policy was to subsidize individuals who purchase NEVs. The second policy was the "Notice of the State Council on Issuing the Planning for the Development of the Energy-Saving and New Energy Vehicle Industry (2012–2020)" (Referred to as Policy-2).
Get Price >>For example, the Notice on Adjusting the Financial Subsidy Policy for the Promotion and Application of New Energy Vehicles issued in 2016 stipulated that to qualify for the government subsidy, EVs should have an endurance mileage of no less than 100 km, achieve a maximum speed of no less than 100 km/h within 30 min, possess a battery energy density of …
Get Price >>This paper investigates the issue of the impacts of subsidy policy and dual credit policy on new energy vehicle and fuel vehicle production decision considering battery …
Get Price >>The unveiling of the new act has been widely welcomed, with Clean Energy Council Chief Executive Kane Thornton saying that it marks a decisive moment for Australia''s ambition to secure a key ...
Get Price >>This paper compares the effects of government policies on subsidies to recycling companies, subsidies to consumers, and subsidies to recycling companies and consumers.
Get Price >>Interestingly, this time node coincides with the implementation of the PHEV subsidy policy; At the same time, although the proportion of clean energy power generation has increased significantly, it cannot fundamentally change China''s interconnected power grid system dominated by thermal power generation, and the stability of clean energy power generation is …
Get Price >>The Chinese government attaches great importance to the power battery industry and has formulated a series of related policies. To conduct policy characteristics analysis, we analysed 188 policy texts on China''s power battery industry issued on a national level from 1999 to 2020. We adopted a product life cycle perspective that combined four dimensions: …
Get Price >>Shenzhen has become the first city in China to establish a subsidy for PBR. According to the "Shenzhen 2018 New Energy Vehicle Promotion and Application Financial Support Policy," enterprises that sell new energy vehicles registered in the city are required to specifically allocate funds for PBR and disposal at a rate of 20 RMB/kWh.
Get Price >>With the advancement of new energy vehicles, power battery recycling has gained prominence. We examine a power battery closed-loop supply chain, taking subsidy …
Get Price >>DOI: 10.1016/J.RSER.2014.05.061 Corpus ID: 153319256; Review on the costs and benefits of renewable energy power subsidy in China @article{Zhao2014ReviewOT, title={Review on the costs and benefits of renewable energy power subsidy in China}, author={Huiru Zhao and Sen Guo and Li-wen Fu}, journal={Renewable & Sustainable Energy Reviews}, year={2014}, …
Get Price >>[1] [2][3] As a sustainable storage element of new-generation energy, the lithium-ion (Li-ion) battery is widely used in electronic products and electric vehicles (EVs) owing to its advantages of ...
Get Price >>It is difficult for recyclers and consumers to cooperate proactively in recycling end-of-life power batteries. Thus, it is found that government subsidies to recycling …
Get Price >>New energy vehicles have been recognized as the future direction of development in automobile industry. This paper investigates the issue of the impacts of subsidy policy and dual credit policy on new energy vehicle and fuel vehicle production decision considering battery recycling, in a competitive environment, where the market demand is …
Get Price >>The policy aimed to facilitate the construction and operation of charging points, as well as the upgrading, renovation, and establishment of monitoring systems for …
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