Incentive Effects Of Subsidy Policies On The Promotion And Application Of New Energy Vehicles

The development of new energy vehicles is an inevitable requirement for China to cope with the increasingly severe resource and environmental problems and improve the energy structure.It is also the only way to promote the upgrading and development of China’s automobile industry and achieve the leap from a major automobile country to a powerful automobile country.Since 2001,China has issued a series of policies to encourage,support and guide the development of the new energy vehicle industry in terms of technology research and development,promotion and application.Since 2010,China has begun to implement policy subsidies for private purchases of new energy vehicles.After years of development,the industrialization of China’s new energy vehicle market has continued to increase,commercialization conditions have matured,and the use of new energy vehicles has become more and more extensive..On the other hand,there are a series of outstanding problems in the development of China’s new energy vehicle industry.The key core technologies have not yet been completely broken through.The overall performance of new energy vehicles needs to be further improved.The construction of supporting facilities cannot yet effectively meet the development needs.In this context,policy support can effectively make up for the lack of market mechanisms,thereby promoting the development of the new energy vehicle industry.At present,China’s new energy vehicle purchase subsidies have entered a comprehensive policy retreat stage.By 2020,the subsidy policies will be completely withdrawn.How to better play the role of policies in promoting the development of the new energy vehicle industry and make up for the current outstanding shortcomings that restrict the development of China’s new energy vehicle industry has become an urgent problem to be studied and resolved.On the basis of reviewing existing literature research and systematically sorting out the current policies,this article takes the new energy vehicle subsidy policy as the research object and analyzes the government subsidy strategy and the implementation effect of the new energy vehicle subsidy policy.Based on the relevant panel data of the number of new energy vehicle promotion in 286 prefecture-level cities,this paper uses the propensity score matching double difference method(PSM-DID)to empirically analyze the implementation effect of the new energy vehicle subsidy policy.The heterogeneity analysis of the results shows that the subsidy policy has played a very significant role in promoting the application of new energy vehicles.Specifically,the subsidy policy has the most significant effect on the promotion of pure electric vehicles,while the promotion effect on other types of new energy vehicles is significantly lower than that of pure electric vehicles.At the same time,the empirical results show that the construction level of infrastructure such as charging piles has played a significant positive role in promoting the promotion and application of new energy vehicles.Due to the fact that the construction of charging facilities in pilot cities in subsidies is often carried out,the number of charging piles has a significant impact on new energy.The positive impact of the promotion and application of automobiles also reflects the implementation effect of the subsidy policy to a certain extent.In addition,the promotion of new energy vehicles is also affected by factors such as the size of the city,the level of regional economic development,car purchase restrictions,and gasoline prices.Based on the basic empirical analysis,this article also carried out a placebo test and a generalized moment estimation test to further verify the impact of the subsidy policy on the promotion and application of new energy vehicles.Finally,based on the results of empirical analysis,combined with the development status of the new energy vehicle industry and the practical problems arising from the operation of the subsidy policy,this paper puts forward corresponding policy recommendations in the context of the current subsidy policy’s overall decline.