Fiscal And Financial Supporting Policies Of Developing The New Energy Vehicle Industry

Under the growing constraints of resource and environmental, strategic emerging industries has be regarded as a key of the future industry layout by governments. At the same time, accelerating the development of new energy vehicle industry has become an urgent task of alleviating the energy and environmental pressures effectively. In this paper, for the study of new energy vehicle, being extended the N-W model and history friendly model, we characterize the old and new technology paradigms by product performance, selling price and consumption expenditure, and construct the market selection mechanism containing invest decision, R&D decision, consumer choice and market competition, base on the system simulation method simulate the vehicle industry evolution process under the new technology shock, and then inspect the support effect of fiscal and financial policies for new energy vehicle companies. Fiscal policy includes consumer subsidies, government procurement and infrastructure construction. Financial policy includes increasing credit scale, lowering lending rate and adopting hire-purchase.The results show that:when traditional vehicles enter the market first, they can become the market leader with the advantages of product performance and selling price, only a small part of the new energy vehicle companies can survive in the market, but the profit level and market share are very limited; selling price subsidy will help reduce the threshold of new energy vehicle, being the function of stimulating the purchase of new energy vehicle in the short term, the effect of policy is quick; consumption expenditure subsidy has the same effect with selling price subsidy, but the effect appears slower; government procurement policy increases the demand scale of new energy vehicles directly, ensures sale volume of new emerging industry, helps them accumulate profits to carry out R&D activities; infrastructure construction through improves consumer satisfaction of subsequent use to expand the scale of demand; increasing credit scale policy not only does not play a supporting role, but also leads to blind investment behavior of new emerging companies, and inhibit the development of them; due to less interest costs, the effect of lowering lending rate is weak; adopting hire-purchase policy improves consumer purchasing power by modulating consumers’ disposable income, enhances the competitiveness of new energy vehicle companies fundamentally. Although the mechanism of support of infrastructure construction and adopting hire-purchase policies are relatively indirectly, but they are more conducive to new energy vehicles to dominate the market, the fostering effect is more obvious. The study conclusions given a theoretical explanation for the dilemma of China’s new energy vehicle development suffered, also provided a new idea for drafting and adjusting the fiscal and financial policies.