Research on “Dual-Credits” Policy of Automobile Enterprises

Abstract

The new energy automobile industry is the one of the seven strategic emerging industries in China, and its steady development needs the continuous support from government. On September 28, 2017, the Ministry of Industry and Information Technology, the Ministry of Finance, the Ministry of Commerce, the General Administration of Customs and the General Administration of Quality Supervision and Inspection jointly issued the “Measures for the Parallel Management of Average Fuel Consumption of Passenger Vehicle Enterprises and New Energy Vehicle Points”, establishing a dual-credits system. “Dual-credits” refers to “Car Average Fuel Consumption (CAFC)” and “New Energy Vehicle (NEV)”. Given the current “Dual-Credits” policy in the new energy vehicle market, this paper regarded the government and the vehicle enterprise as a whole respectively, and analyzed the maximum income of the vehicle enterprises and government with and without “Dual-Credits” policy. It proves that the “Dual-Credits” policy has a positive effect on the production of new energy vehicles and the automobile industry. Then correlation analysis was carried out on the government control parameters such as per vehicle credits, new energy credits ratio requirement, new energy vehicle amplification factor to provide a reference for the government to promote the development of new energy vehicles.