Improving the efficiency of subsidy policy to better promote R&D investment in new energy vehicles (NEVs) is of great strategic importance for reducing greenhouse gas emissions and achieving sustainable development. Using the technology adoption life cycle theory, this paper proposes a tri‐level programming model among a government, a NEVs manufacturer and customers to investigate the NEVs manufacturer's R&D investment strategies, the government's purchase subsidy policies, and customers' purchasing decisions. Through theoretical and numerical analysis, it is found that when the manufacturer is to maximize the sales, it commits R&D investment which maximizes sales of NEVs, or its entire R&D investment capital. When the manufacturer is to maximize its profit, it commits R&D investment which maximizes its profit, or makes the sales constraint satisfied. Purchase subsidy can raise the sales of NEVs, but cannot increase manufacturer's R&D investment, or even have a crowding‐out effect on its R&D investment. These findings will help government improve the efficiency of purchase subsidy to better support the development of the NEVs industry.


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    Titel :

    R&D investment in new energy vehicles with purchase subsidy based on technology adoption life cycle and customers’ choice behaviour


    Beteiligte:
    Feng, Xiao (Autor:in) / Huang, Bo (Autor:in) / Li, Yuyu (Autor:in)

    Erschienen in:

    Erscheinungsdatum :

    2020-11-01


    Format / Umfang :

    7 pages




    Medientyp :

    Aufsatz (Zeitschrift)


    Format :

    Elektronische Ressource


    Sprache :

    Englisch