Sensitivity of the Nonsubsidized Consumption Promotion Mechanisms of New Energy Vehicles to Potential Consumers’ Purchase Intention

Lin, Youxi; Wu, Jingjing; Xiong, Yongqing

doi:10.3390/su13084293

Cited by 9 publications

(5 citation statements)

References 47 publications

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“…Zhao et al (2022) discovered that personal norms and green self-identity are positively correlated with purchase intention. Li and Guo (2022), Li et al (2021), Sun and Xu (2018), , and other scholars have conducted detailed studies on different types of consumers' consumption preferences from multiple perspectives.…”

Section: Literature Reviewmentioning

confidence: 99%

An experimental study on the potential purchase behavior of Chinese consumers of new energy hybrid electric vehicles

Guo

Liu

Cai

2023

Front. Environ. Sci.

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The automotive industry has paid close attention to the promising future of new energy vehicles, and the new energy hybrid electric vehicles that fall under this category are gradually entering the public eye. This paper uses the SPSS software to conduct an experimental study on the “purchase preference for new energy hybrid vehicles” and its influencing factors of different types of consumers in China, based on 379 questionnaires and the results of situational experiments conducted by the research group in 24 cities across the country. The findings are as follows: 1) Different categories of consumers have a large gap in their cognitive preferences for new energy hybrid electric vehicles; 2) There is little difference in “purchase preference for new energy hybrid electric vehicles” among different categories of consumers; 3) The improvement of education and income has a significant effect on promoting consumers’ “environmental awareness”; 4) Consumers’ perception of the government’s new energization policy is positive. Based on the preceding conclusions, this paper puts forward the policy recommendations to promote new energy hybrid electric vehicles.

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Section: Literature Reviewmentioning

confidence: 99%

An experimental study on the potential purchase behavior of Chinese consumers of new energy hybrid electric vehicles

Guo

Liu

Cai

2023

Front. Environ. Sci.

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“…, 2021). The effective implementation of subsidy policies needs to be tailored to local conditions (Liu and Yi, 2020; Lin et al. , 2021) while also considering consumer characteristics (Xiong and Wang, 2020).…”

Section: Literature Reviewmentioning

confidence: 99%

“…In terms of policy feasibility, some scholars have found that subsidy policies can effectively promote new EVs, play a role in low carbon emission reduction and improve air quality (Xie et al, 2021;Wang et al, 2021;Zhang et al, 2020;Yin and Liu, 2021;Zhao et al, 2021). The effective implementation of subsidy policies needs to be tailored to local conditions (Liu and Yi, 2020;Lin et al, 2021) while also considering consumer characteristics (Xiong and Wang, 2020). In terms of policy comparison, scholars conduct comparative studies on the existing policies of EVs, including tax cuts, subsidies and price discount policies (Yang and Tang, 2019;Yin et al, 2020;Shao et al, 2017;Zhu et al, 2021).…”

Section: Research On the Policy Factorsmentioning

confidence: 99%

Pricing research for automotive supply chains considering low-carbon consumer preferences under a dual policy

Liu

Yang

Miao

et al. 2022

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PurposeThe promotion of new energy vehicles (EVs) is an effective way to achieve low carbon emission reduction. This paper aims to investigate the optimal pricing of automotive supply chain members in the context of dual policy implementation while considering consumers' low-carbon preferences.Design/methodology/approachThis article takes manufacturers, retailers and consumers in a main three-level supply chain as the research object. Stackelberg game theory is used as the theoretical guidance. A game model in which the manufacturer is the leader and the retailer is the follower is established. The author also considered the impact of carbon tax policies, subsidy policies and consumer preferences on the results. Furthermore, the author investigates the optimal decision-making problem under the profit maximization model.FindingsThrough model solving, it is found that the pricing of EVs is positively correlated with the unit price of carbon and the amount of subsidies. The following conclusions can be obtained by numerical analysis of each parameter. Changes in carbon prices have a greater impact on conventional gasoline vehicles. Based on the numerical analysis of parameter β, it is also found that when the government subsidizes consumers, supply chain members will increase their prices to obtain partial subsidies. Compared with retailers, low-carbon preferences have a greater impact on manufacturers.Research limitations/implicationsThe new energy automobile industry involves many policies, including tax cuts, tax exemptions and subsidies. The policy environment faced by the members of a supply chain is complex and diverse. Therefore, the analysis in this article is based only on partial policies.Originality/valueThe authors innovatively combine the three factors of subsidy policy, carbon tax policy and consumer low-carbon preference, with research on the pricing of EVs. The influence of policy factors and consumer preferences on the pricing of EVs is studied.

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“…The research of domestic and foreign scholars on the development of the new energy vehicle industry mainly focuses on policy promotion, influencing factors, etc. Regarding policy promotion, Chakraborty [ 3 ] and Jiao [ 4 ] conducted research from the perspective of "subsidized" policy tools, and Lin [ 5 ] studied the impact of "non-subsidy" policies on the promotion of new energy vehicles. Sun [ 6 ] and Jiang [ 7 ] considered the advancement and diffusion of new energy vehicles from the consumer demand perspective.…”

Section: Introductionmentioning

confidence: 99%

Research on the development strategy selection of the new energy vehicle industry from the perspective of green credit—Based on the foursquare evolutionary game analysis

Wang,

Liu

2024

PLoS ONE

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Developing new energy vehicles is vital to promote green development and the harmonious coexistence of humans and nature. It is also the only way to help China move from a significant automobile country to a powerful automobile country. Based on the background of the "recession" of government subsidies and considering the importance of green credit in promoting green and low-carbon transformation, this paper constructs a four-party evolutionary game model that includes government, automotive companies, banks, and consumers to analyze the stability of the strategic choices of various parties in the development process of the new energy vehicle industry. It uses MATLAB simulation tools to analyze the impact of relevant factors on system stability. The research shows that: (1) The government’s subsidy mechanism significantly promotes the development of the new energy vehicle industry. Still, there is a subsidy threshold, beyond which the effect will weaken and quickly bring financial pressure. (2) With the gradual decline of government subsidies, the bank’s green credit policy has a specific policy complementary effect on the decline of government subsidies. (3) Considering that costs and benefits are the main influencing factors for automotive companies and consumers’ strategic choices, the impact of factors such as the punishment of violations, adjustment of subsidy policies, and consumers’ environmental awareness must also be paid attention to.

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Sensitivity of the Nonsubsidized Consumption Promotion Mechanisms of New Energy Vehicles to Potential Consumers’ Purchase Intention

Cited by 9 publications

References 47 publications

An experimental study on the potential purchase behavior of Chinese consumers of new energy hybrid electric vehicles

An experimental study on the potential purchase behavior of Chinese consumers of new energy hybrid electric vehicles

Pricing research for automotive supply chains considering low-carbon consumer preferences under a dual policy

Research on the development strategy selection of the new energy vehicle industry from the perspective of green credit—Based on the foursquare evolutionary game analysis

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