Impact of policy incentives on electric vehicles development: a system dynamics-based evolutionary game theoretical analysis

A system dynamics-based evolutionary game theoretical analysis is proposed to examine the impact of policy incentives, i.e., price subsidy and taxation preference on electric vehicles (EVs) industry development. Two case scenarios were used to distinguish policy performance by dividing it into a sta...

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Bibliographic Details
Published in:Clean technologies and environmental policy Vol. 21; no. 5; pp. 1039 - 1053
Main Authors: Zhou, Xiao, Zhao, Rui, Cheng, Liang, Min, Xuefeng
Format: Journal Article
Language:English
Published: Berlin/Heidelberg Springer Berlin Heidelberg 01.07.2019
Springer Nature B.V
Subjects:
Alternative fuel vehicles
Earth and Environmental Science
Electric vehicles
Electricity
Environment
Environmental Economics
Environmental Engineering/Biotechnology
Environmental policy
Equilibrium
Game theory
Games
Impact strength
Incentives
Industrial and Production Engineering
Industrial Chemistry/Chemical Engineering
Industrial development
Original Paper
Policy making
Subsidies
Sustainable Development
System dynamics
Taxation
Theoretical analysis
Electric vehicle industry
System dynamics
Incentive policy
Evolutionary game theoretical analysis
ISSN:1618-954X, 1618-9558
Online Access:Get full text
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Summary:A system dynamics-based evolutionary game theoretical analysis is proposed to examine the impact of policy incentives, i.e., price subsidy and taxation preference on electric vehicles (EVs) industry development. Two case scenarios were used to distinguish policy performance by dividing it into a static and dynamic incentive. The result reflected that the game in implementation of the static incentive policy did not achieve stable equilibrium, indicating that such a policy is not effective for driving the development of the EVs industry. However, the game had stable equilibrium when dynamic incentive policy was implemented. The taxation preference had better performance in incentivizing EVs production than the direct subsidy. The study is expected to provide insight into policy making in the industrial transition toward low-carbon consumption. Limitations are given to indicate opportunities for further research. Graphical abstract
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ISSN:1618-954X
1618-9558
DOI:10.1007/s10098-019-01691-3