气候变化领域集成服务门户(CCPortal): New energy vehicle R&D strategy with supplier capital constraints under China's dual credit policy

CCPortal

DOI	10.1016/j.enpol.2022.113099
	New energy vehicle R&D strategy with supplier capital constraints under China's dual credit policy
	Meng, Weidong; Ma, Miaomiao; Li, Yuyu; Huang, Bo
发表日期	2022
ISSN	0301-4215
EISSN	1873-6777
卷号	168 页码:14
英文摘要	Due to the increasingly severe energy crisis and rising environmental pollution, as an environmentally friendly travel tool, the development of new energy vehicles (NEVs) has been vigorously pursued in many countries. The Chinese government put forward Parallel Management Measures for the Average Fuel Consumption of Pas-senger Vehicle Enterprises and Credits for New Energy Vehicles (referred to as the dual credit policy) to promote NEVs. Under the dual credit policy, enabling the NEV supply chain to make research and development (R&D) optimization decisions with capital constraints is a vital issue. Based on the dual credit policy, this study proposes an R&D decision model, incorporating suppliers' capital constraints, to obtain the optimal strategy for addressing such constraints and promoting NEV development. The results of this study indicate that the dual credit policy promotes the development of the NEV industry whereas the capital constraints weaken the incentive effect of the policy. We propose two solutions, taking bank loans and sharing the cost with manufactures, to relieve the financial constraints. Furthermore, we put forward the conditions for choosing the optimal one. With the increase in the loan interest rate, the credit price, and the technology improvement credit coefficients, suppliers should choose the solution of sharing cost with manufactures. Otherwise, loan strategy is more acceptable.
英文关键词	Capital constraints; Dual credit policy; R& D strategy; New energy vehicle
学科领域	Economics; Energy & Fuels; Environmental Sciences; Environmental Studies
语种	英语
WOS研究方向	Business & Economics ; Energy & Fuels ; Environmental Sciences & Ecology
WOS记录号	WOS:000828175900004
来源期刊	ENERGY POLICY
文献类型	期刊论文
条目标识符	http://gcip.llas.ac.cn/handle/2XKMVOVA/272029
作者单位	Chongqing University; Chongqing Normal University
推荐引用方式 GB/T 7714	Meng, Weidong,Ma, Miaomiao,Li, Yuyu,et al. New energy vehicle R&D strategy with supplier capital constraints under China's dual credit policy[J],2022,168:14.
APA	Meng, Weidong,Ma, Miaomiao,Li, Yuyu,&Huang, Bo.(2022).New energy vehicle R&D strategy with supplier capital constraints under China's dual credit policy.ENERGY POLICY,168,14.
MLA	Meng, Weidong,et al."New energy vehicle R&D strategy with supplier capital constraints under China's dual credit policy".ENERGY POLICY 168(2022):14.