The current status, barriers and development strategy of new energy vehicle industry in China

Abstract

Developing new energy vehicle industry is critical for China to cope with the energy and environmental challenges, and to promote the technological innovation, transformation and upgrading of the automotive industry. In this study, the current status, achievements and barriers of China's local new energy vehicle industry are comprehensively reviewed. Details are explored in terms of regional protectionism, infrastructure deployment, business model innovation, and “subsidy-cheating” phenomena during the development process. Based on the analysis, the strategy for accelerating the development of China's local new energy vehicle industry is proposed.