Law And Policy On The Development And Promotion Of The New Energy Vehicle (NEV) Market In China

China’s transition towards becoming more innovative and environmentally-friendly,has led to the implementation of a myriad of policies to fulfill China’s development plans;which subsequently has allowed the New Energy Vehicle(NEV)market to thrive.The NEV Market has benefitted from policies which incentivize and prioritize industries in the field of innovation and environmental innovation,in addition to generous policies specially directed towards the manufacturing and sales of NEVs.As China’s NEV market continues to grow at a rapid pace,this paper will analyze the significance played by policies implemented at various government levels,towards China’s transition from the Traditional Market(Emission-Based Vehicles)towards the Emerging Market(NEVs);for passenger vehicles in the private sector.