期刊
SUSTAINABILITY
卷 10, 期 3, 页码 -出版社
MDPI
DOI: 10.3390/su10030672
关键词
electric vehicle; China's subsidy policy; EVs manufacturing decisions; social welfare; environmental impact
资金
- National Natural Science Foundation, China [71671001, 71771002]
- Humanities and Social Science Project of Fujian Province, China [FJ2016C025]
- Young and Middle-age Teacher Education Research Project of Fujian Province, China [JAS170151]
- Humanities and Social Science Key Research Project of Anhui Province, China [SK2017A0122]
- National Natural Science Foundation of Anhui Province, China [1608085QG168]
- Zhejiang Province Natural Science Foundation [LY18G010007]
- Fuzhou University National or Ministerial Major Nurturing Projects, China [BPZD1602]
- University Development Foundation of Fujian Agriculture and Forestry University [113-612014018]
In order to address challenges in the sustainable development of transportation, economy, and environment, governments of China and conventional automobile manufacturers are extremely concerned about the development of the electric vehicle (EV) manufacturing industry and market. However, owing to the limitations of EVs and the government economic policies on decreasing subsidies in China, many manufacturers are worried about entering the EV market. Given the low consumer preference for EVs, using a leader-follower Stackelberg game model, we investigate the impact of government a subsidy on the optimal production and pricing decisions of an auto manufacturer who could produce both EVs and conventional vehicles. We characterize whether/under what conditions the manufacturer's decision to offer EV products under government subsidy, whilst increasing its profits (a win-win situation). On the policy side, we delineate how government a subsidy can be set to realize the inherent economic, environmental, and social benefits of EV production (the triple win of EV production). We further investigate the impact of EV manufacturing-and society-related factors on the balance among manufacturer profits, environmental impact and social welfare. This study also finds that the adoption of EVs is not bound to be beneficial for the environment.
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