Research on the Impact of New Energy Vehicles on Chinas Industrial Policy Innovation

Abstract

The subject of Chinas new energy vehicle policy implementation analysis was chosen due to the growing importance of switching to renewable energy due to resource depletion, price volatility, and the need to address pressing environmental issues. New energy vehicles are critical for controlling greenhouse gases and atmospheric pollutants, reducing the auto industrys dependence on oil which makes this subject matter crucial nowadays. Such methods as secondary literature analysis and case study are essential to analyze the processes behind Chinas new energy vehicle success. As a result, the current backdrop of environmental and political instability has stimulated the Chinese government to create a range of policymaking initiatives that rely on provincial and central collaboration, cutting switching costs, and socially normalizing new energy vehicle use. The value of this paper is in how it can be utilized as a fundament for other business branches and governments to construct effective initiatives to grow the renewable energy vehicle market.