
The Impact of Carbon Neutrality Policy on China's Electric Vehicle Market: A Study Based on Sales Data and Policy Analysis
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Abstract
Under China’s climate plan to achieve carbon neutrality by 2060, where it wants to peak its emissions by 2030, the electric vehicle (EV) market is set to play a pivotal role. Using sales data and policy analysis, this paper investigates the effects of carbon neutrality policies on China’s EV market. Global and local policies, such as subsidies, tax credits, and procurement requirements, have provided essential support for the EV industry and its market. Using sales and policy analysis, the research investigates how policy initiatives have impacted consumers, shifted automaker strategies and influenced the advancement of battery technology. The analysis revealed that since 2018, Chinese electric vehicle sales have skyrocketed due to policy pushes, with BEVs leading the charge. The results highlight that further policy and infrastructural development and technological advancement are crucial to maintaining market growth for the long-term target of environmental sustainability. Hence, the paper provides guidelines for policymakers and industry players in China to improve strategies that complement the country’s carbon reduction goals while acting as a reference for nations with similar climate goals.
Keywords
Electric vehicles, Carbon neutral, New energy vehicles, Battery technology
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Cite this article
Cao,Y. (2025). The Impact of Carbon Neutrality Policy on China's Electric Vehicle Market: A Study Based on Sales Data and Policy Analysis. Advances in Economics, Management and Political Sciences,156,61-66.
Data availability
The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.
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Volume title: Proceedings of the 4th International Conference on Business and Policy Studies
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