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China’s New Energy Vehicle Subsidy Policies and Impact on Manufacturers

In: Proceedings of the 2025 International Conference on Financial Innovation and Marketing Management (FIMM 2025)

Author

Listed:
  • Fan Sun

    (Massey Institute, Nanjing University of Finance and Economics)

Abstract

Remarkable progress has been achieved in China’s eco-friendly automotive industry, establishing itself as a dominant force in the global automotive landscape. This expansion has been significantly propelled by a series of government subsidy policies implemented over the years. This report aims to provide a comprehensive analysis of China’s NEV subsidy policies specifically between 2020 and 2025, and to examine the multifaceted impact of these policies on both domestic and international NEV manufacturers operating within the country. The analysis will delve into the specifics of the subsidies offered during this period, the strategic objectives behind their implementation, the adjustments and changes that occurred, and the resultant effects on the growth, profitability, and innovation of NEV manufacturers. Understanding these policy dynamics is crucial for stakeholders, particularly in light of evolving global competition and increasing trade tensions. From a macro perspective, the practice and adjustment of NEV subsidy policy in China provides an important policy sample for the development of global new energy automobile industry.

Suggested Citation

  • Fan Sun, 2025. "China’s New Energy Vehicle Subsidy Policies and Impact on Manufacturers," Advances in Economics, Business and Management Research, in: Maizaitulaidawati Md Husin (ed.), Proceedings of the 2025 International Conference on Financial Innovation and Marketing Management (FIMM 2025), pages 545-554, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6463-874-5_64
    DOI: 10.2991/978-94-6463-874-5_64
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