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