Proceedings of the 2022 4th International Conference on Economic Management and Cultural Industry (ICEMCI 2022)

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An Analysis on the Impact of CAFCC and NEVC on R&D Investment of New Energy Vehicle Enterprises Under the “Double Credits” Policy

Authors
Chuqiao Zhang1, *
1School of Mathematical, University of Reading, Reading, RG6 6AH, UK
*Corresponding author. Email: chuqiao.zhang@student.reading.ac.uk
Corresponding Author
Chuqiao Zhang
Available Online 27 December 2022.
DOI
10.2991/978-94-6463-098-5_103How to use a DOI?
Keywords
New energy vehicles; “Double credits” policy; R&D investment; Eviews
Abstract

In order to promote the high-quality and rapid development of China's new energy vehicle industry, the government made adjustments to the “double credits” policy: increase the requirements for the assessment of the credits proportion and give preferential treatment to enterprises with low fuel consumption vehicles in the calculation of credits, which have a certain impact on the R&D investment of new energy vehicle enterprises. This study select relevant data of 8 domestic passenger new energy vehicle listed enterprises with high annual output from Wind database and “the 2021 China passenger car enterprise average fuel consumption and new energy vehicle credit accounting table”, with enterprise R& D investment as the explanatory variable, and corporate average fuel consumption credit (CAFCC) and new energy vehicle credit (NEVC) as the explanatory variables for descriptive statistics and regression analysis. The research conclusion is that there is a significant correlation between them. Finally, a conclusion is drawn on the impact of the “double credit” policy on the R&D investment of new energy vehicle enterprises: “double credit” policy can promote enterprises to increase R&D investment by increasing the application proportion of advanced energy-saving technologies and improving the efficiency of industrial resource allocation.

Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2022 4th International Conference on Economic Management and Cultural Industry (ICEMCI 2022)
Series
Advances in Economics, Business and Management Research
Publication Date
27 December 2022
ISBN
78-94-6463-098-5
ISSN
2352-5428
DOI
10.2991/978-94-6463-098-5_103How to use a DOI?
Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Chuqiao Zhang
PY  - 2022
DA  - 2022/12/27
TI  - An Analysis on the Impact of CAFCC and NEVC on R&D Investment of New Energy Vehicle Enterprises Under the “Double Credits” Policy
BT  - Proceedings of the 2022 4th International Conference on Economic Management and Cultural Industry (ICEMCI 2022)
PB  - Atlantis Press
SP  - 899
EP  - 907
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-098-5_103
DO  - 10.2991/978-94-6463-098-5_103
ID  - Zhang2022
ER  -