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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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  • Jinlong Wang
  • Xiangbin Liu

Abstract

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.

Suggested Citation

  • Jinlong Wang & Xiangbin Liu, 2024. "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," PLOS ONE, Public Library of Science, vol. 19(1), pages 1-31, January.
    • Handle: RePEc:plo:pone00:0297813
    DOI: 10.1371/journal.pone.0297813
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    References listed on IDEAS

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    Cited by:

    1. Wang, Feng & Han, Huadan, 2024. "How does progressive subsidy reduction affect the innovation and economic performance of new energy vehicle firms?," Economic Analysis and Policy, Elsevier, vol. 84(C), pages 1621-1635.
    2. Ruguo Fan & Jianfeng Lu & Chaoping Zhu, 2025. "Clean Heating Technology Diffusion with Government Departments’ and Commercial Banks’ Participation: An Evolutionary Game Analysis," Sustainability, MDPI, vol. 17(8), pages 1-29, April.

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