This study aims to explore the impact of new energy vehicles (NEVs) on China’s economic development. As global attention to sustainable development intensifies, the NEV industry in China has rapidly emerged as a new engine of economic growth. Using econometric methods such as descriptive statistics, correlation analysis, and unit root testing, this paper analyses the effects of the NEV industry on China’s economic growth, industrial structure transformation, employment levels, and technological innovation. Empirical results indicate that the development of NEVs has significantly contributed to China’s economic growth, with a particularly strong role in promoting the high-tech industry and manufacturing upgrades. Additionally, policy support and changes in market demand are critical factors influencing the industry’s growth. The findings offer policy recommendations for both government and industry decision-makers regarding the further development of the NEV sector.
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