Investigating the Impact of New Energy Policy on the Market for New Energy Vehicles

Abstract

As global concerns about environmental sustainability continue to rise, electric vehicles (EVs) are gradually becoming a significant component of the global automotive market as a clean and low-carbon transportation option. This study, through a review of relevant literature and an analysis of market data, examines the influence of new energy policies on the international market for electric vehicles. The research findings indicate that the market share of electric vehicles has steadily increased over the past few years. Government environmental policies and incentive measures have played a crucial role in promoting electric vehicles. Furthermore, ongoing technological advancements and cost reductions have also contributed to the widespread adoption of electric vehicles. However, electric vehicles face certain challenges, such as inadequate charging infrastructure and limitations in battery technology. In the future, with further technological developments and policy support, electric vehicles are poised to play a more significant role in the international market and contribute to global sustainability efforts.