CHINA'S GOVERNMENT PROGRAMS SUPPORTING ELECTRIC VEHICLE PRODUCTION: IMPACT ON SECTOR DEVELOPMENT AND GLOBAL TRENDS IN SUSTAINABLE TRANSPORTATION
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Abstract
The purpose of this article is to substantiate the necessity of government programs in the People's Republic of China (PRC) in supporting electric vehicle (EV) production, analyze the impact of these initiatives on the growth and development of the EV sector, and their contribution to the global transition to sustainable transportation. The article aims to provide both theoretical insights and scientific and practical recommendations for enhancing the effectiveness of public policies and financial incentives to accelerate EV production, reduce carbon emissions, promote green innovation in the automotive sector, and develop infrastructure and research support provided by the Chinese government. Methodology. The article uses a combination of quantitative and qualitative research methods to analyze the impact of government programs on EV production in the PRC. Statistical analysis is applied to assess the relationship between government incentives (such as subsidies, tax breaks, and grants) and the growth of EV production in the PRC. A case study approach is also used to examine successful government initiatives in the PRC. Additionally, comparative analysis is employed to explore the effectiveness of different policy models and identify challenges and opportunities for scaling up EV production in the PRC. The results of the study show that government programs play a crucial role in stimulating the growth of EV production in the PRC. Support from the Chinese government for the EV market through financial subsidies, tax incentives, and investments in infrastructure has successfully positioned the PRC as a global leader in the EV market. Despite these achievements, challenges remain in rural adoption and technological integration, which require continued innovation and policy refinement. The study also identifies several issues, including high initial costs, limited charging infrastructure, and resistance from traditional automakers. Practical implications. The study's findings underline the need for governments to design policies that combine financial incentives, infrastructure development, and regulatory measures to support the EV industry. We have developed and proposed practical recommendations to enhance the effectiveness of government programs, such as the integration of public-private partnerships, the development of targeted incentives for manufacturers, and the creation of EV production hubs. These measures are essential to overcoming existing barriers and achieving large-scale EV adoption. Value / Originality. This article provides an in-depth analysis of government programs supporting EV production, contributing to existing knowledge by offering new ideas for improving public policy to accelerate the green transition in the automotive sector and the long-term sustainability of China’s EV programs. The research contributes to the understanding of effective tools and strategies for boosting EV production and adoption, emphasizing the need to shift from subsidies to fostering innovation and addressing the challenges of rural adoption and infrastructure development. The study's findings are relevant for policymakers, stakeholders, and researchers in the field of electric vehicle production and consumption in the PRC and worldwide, particularly in the context of sustainable development and environmental transformation.
How to Cite
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government programs, state regulation of electric vehicle production, sustainable transportation promotion policy, environmental transformation of transportation, effectiveness of financial mechanisms of government support, government support in achieving carbon neutrality
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