Industrial Policy and Technological Innovation of New Energy Vehicle Industry in China

Promoting the development of new energy vehicles is one of the important measures to ensure energy security and deal with global warming. Technological innovation is an inexhaustible driving force for the development of the new energy vehicle industry. This study considered listed enterprises in Chi...

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Bibliographic Details
Published inEnergies (Basel) Vol. 15; no. 24; p. 9264
Main Authors Li, Hongchen, Qi, Huijun, Cao, Hongjian, Yuan, Li
Format Journal Article
LanguageEnglish
Published Basel MDPI AG 01.12.2022
Subjects
Alternative fuel vehicles
Analysis
Carbon
Climate change
Consumption
Credit policy
Electric vehicles
Energy
Energy industry
Energy security
Environmental aspects
Expenditures
Forecasts and trends
Global warming
Government subsidies
government subsidy
Industrial development
Industrial policy
Influence
innovation quality
Innovations
Laws, regulations and rules
new energy vehicle industry
R&D
Research & development
Security
Subsidies
Technological change
technological innovation
China
United States > US
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Summary:Promoting the development of new energy vehicles is one of the important measures to ensure energy security and deal with global warming. Technological innovation is an inexhaustible driving force for the development of the new energy vehicle industry. This study considered listed enterprises in China’s new energy vehicle industry as research samples and used the fixed effect model to study the impact of government subsidies on the quantity and quality of technological innovation in the new energy vehicle industry. The empirical results show that government subsidies have a significant positive impact on the quantity of technological innovation in the new energy vehicle industry; however, government subsidies have no significant impact on the quality of technological innovation. Government subsidies increase the quantity of technological innovation in the new energy vehicle industry by increasing R&D investment, mitigating financing constraints, and improving the external attention of enterprises. Compared to downstream enterprises in the industrial chain, government subsidies have a better incentive effect on the technological innovation of upstream enterprises, which increases the number of patents and enhances the quality of utility model patents. Government subsidies have a better effect on promoting the quantity of technological innovation in large enterprises.
ISSN:1996-1073
1996-1073
DOI:10.3390/en15249264