Interpretation of the new energy battery subsidy policy

Does subsidy policy improve battery endurance level?

We can infer that the effective combination of subsidy policy and dual credit policy effectively improves the endurance level of batteries. To a certain extent, for the decision of the battery endurance level of the battery supplier, the effect of the subsidy policy is better than the dual credit policy.

How to improve battery recycling subsidy policy?

As the popularity of NEVs grows, the strength of the battery recycling subsidy policy should be enhanced to deal with the increase in the number of used batteries. Strengthen the supervision and subsidy standards in the battery recycling process to ensure high efficiency and transparency.

Why do we need battery R&D subsidies?

Specifically, battery R&D subsidies reduce the cost and enhance the performance of batteries, alleviating consumers’ anxiety related to battery range. The technological upgrade of batteries also reduces consumer mistrust and resistance towards EVs, thereby enhancing the attractiveness of EVs to consumers and expanding the market.

What is a new energy vehicle policy?

Policies covering the sales stage placed maximum emphasis on new energy vehicle subsidies while focusing on the demonstration role of public institution procurement. In the use stage, the most important topic was the construction of charging infrastructure and the environment of new energy vehicles.

How does a single subsidy policy affect EVs?

In the scenario of a single subsidy policy by the government, with an increase in the battery endurance capacity g from the battery supplier for EVs, the selling price p, station-building level n by the EV manufacturer, and consumer demand d also rise.

How do subsidies affect electric vehicles?

Contribution Rate of Subsidy As the most effective measure for promoting the penetration of electric vehicles, subsidies directly reduce the purchase costs of consumers and improve the market acceptance of electric vehicles [ 58 ]. Additionally, subsidies reduce the cost of manufacturers by offsetting a part of the manufacturing cost.