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The dual-credit policy: Quantifying the policy impact on plug-in electric vehicle sales and industry profits in China

Citations

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  1. Xiang Zhang & Haojie Sun & Kurt Yang Liu & Shaohui Liu, 2026. "Dual credit policy, product line decisions, and CO2 emission reduction," Annals of Operations Research, Springer, vol. 359(1), pages 705-729, April.
  2. Wu, Yang Andrew & Ng, Artie W. & Yu, Zichao & Huang, Jie & Meng, Ke & Dong, Z.Y., 2021. "A review of evolutionary policy incentives for sustainable development of electric vehicles in China: Strategic implications," Energy Policy, Elsevier, vol. 148(PB).
  3. Haoyi Zhang & Fuquan Zhao & Han Hao & Zongwei Liu, 2021. "Effect of Chinese Corporate Average Fuel Consumption and New Energy Vehicle Dual-Credit Regulation on Passenger Cars Average Fuel Consumption Analysis," IJERPH, MDPI, vol. 18(14), pages 1-13, July.
  4. Yushi Wang & Licheng Sun & Shilong Li, 2022. "Production Decisions of Automakers Considering the Impact of Anticipated Regret under the Dual-Credit Policy," Sustainability, MDPI, vol. 14(11), pages 1-18, May.
  5. Zhenyang Pi & Ke Wang, 2026. "Operations and decarbonization of gasoline vehicle automakers under the dual credit policy: green technology innovation and electric vehicle market entry strategies," Annals of Operations Research, Springer, vol. 359(1), pages 363-394, April.
  6. Zheng, Xuemei & Menezes, Flavio & Zheng, Xiaofeng & Wu, Chengkuan, 2022. "An empirical assessment of the impact of subsidies on EV adoption in China: A difference-in-differences approach," Transportation Research Part A: Policy and Practice, Elsevier, vol. 162(C), pages 121-136.
  7. Li, Chao & Yi, Yongxi & Zhang, Aoxiang & Chen, Biao, 2023. "Fuel consumption-reduction investment decisions and coordination contracts in fuel vehicle supply chains: A dynamic analysis," Energy Economics, Elsevier, vol. 125(C).
  8. Wu, Fulan & Li, Pei & Dong, Xuebing & Lu, Yuanzhu, 2022. "Exploring the effectiveness of China's dual credit policy in a differentiated automobile market when some consumers are environmentally aware," Energy Economics, Elsevier, vol. 111(C).
  9. Liu, Qin & Wen, Xiaonan & Cao, Qinwei, 2023. "Multi-objective development path evolution of new energy vehicle policy driven by big data: From the perspective of economic-ecological-social," Applied Energy, Elsevier, vol. 341(C).
  10. Meng, Weidong & Ma, Miaomiao & Li, Yuyu & Huang, Bo, 2022. "New energy vehicle R&D strategy with supplier capital constraints under China's dual credit policy," Energy Policy, Elsevier, vol. 168(C).
  11. Muhammad Asim & Muhammad Usman & Muhammad Salman Abbasi & Saad Ahmad & M. A. Mujtaba & Manzoore Elahi M. Soudagar & Abdullah Mohamed, 2022. "Estimating the Long-Term Effects of National and International Sustainable Transport Policies on Energy Consumption and Emissions of Road Transport Sector of Pakistan," Sustainability, MDPI, vol. 14(9), pages 1-19, May.
  12. Kangda Chen & Fuquan Zhao & Han Hao & Zongwei Liu, 2018. "Synergistic Impacts of China’s Subsidy Policy and New Energy Vehicle Credit Regulation on the Technological Development of Battery Electric Vehicles," Energies, MDPI, vol. 11(11), pages 1-19, November.
  13. Ou, Shiqi & Hao, Xu & Lin, Zhenhong & Wang, Hewu & Bouchard, Jessey & He, Xin & Przesmitzki, Steven & Wu, Zhixin & Zheng, Jihu & Lv, Renzhi & Qi, Liang & LaClair, Tim J., 2019. "Light-duty plug-in electric vehicles in China: An overview on the market and its comparisons to the United States," Renewable and Sustainable Energy Reviews, Elsevier, vol. 112(C), pages 747-761.
  14. Hsiao, Cody Yu-Ling & Yang, Rui & Zheng, Xin & Chiu, Yi-Bin, 2023. "Evaluations of policy contagion for new energy vehicle industry in China," Energy Policy, Elsevier, vol. 173(C).
  15. Shiqi Ou & Wan Li & Jie Li & Zhenhong Lin & Xin He & Jessey Bouchard & Steven Przesmitzki, 2020. "Relationships between Vehicle Pricing and Features: Data Driven Analysis of the Chinese Vehicle Market," Energies, MDPI, vol. 13(12), pages 1-25, June.
  16. Feiqi Liu & Fuquan Zhao & Zongwei Liu & Han Hao, 2018. "China’s Electric Vehicle Deployment: Energy and Greenhouse Gas Emission Impacts," Energies, MDPI, vol. 11(12), pages 1-19, November.
  17. Ma, Miaomiao & Meng, Weidong & Li, Yuyu & Huang, Bo, 2023. "Impact of dual credit policy on new energy vehicles technology innovation with information asymmetry," Applied Energy, Elsevier, vol. 332(C).
  18. Bhardwaj, Chandan & Axsen, Jonn & Kern, Florian & McCollum, David, 2020. "Why have multiple climate policies for light-duty vehicles? Policy mix rationales, interactions and research gaps," Transportation Research Part A: Policy and Practice, Elsevier, vol. 135(C), pages 309-326.
  19. Miaomiao Ma & Weidong Meng & Bo Huang & Yuyu Li, 2024. "New energy vehicles’ technology innovation coordination strategy based on alliance negotiation under dual credit policy," PLOS ONE, Public Library of Science, vol. 19(3), pages 1-27, March.
  20. Liu, Bingchun & Song, Chengyuan & Liang, Xiaoqin & Lai, Mingzhao & Yu, Zhecheng & Ji, Jie, 2023. "Regional differences in China's electric vehicle sales forecasting: Under supply-demand policy scenarios," Energy Policy, Elsevier, vol. 177(C).
  21. Ying Xie & Jie Wu & Hannian Zhi & Muhammad Riaz & Liangpeng Wu, 2023. "A Study on the Evolution of Competition in China’s Auto Market Considering Market Capacity Constraints and a Game Payoff Matrix: Based on the Dual Credit Policy," Sustainability, MDPI, vol. 15(4), pages 1-24, February.
  22. Chen, Yufeng & Ni, Liangfu & Liu, Kelong, 2022. "Innovation efficiency and technology heterogeneity within China's new energy vehicle industry: A two-stage NSBM approach embedded in a three-hierarchy meta-frontier framework," Energy Policy, Elsevier, vol. 161(C).
  23. Yi, Yongxi & Zhang, Meng & Zhang, Aoxiang & Li, Yuqiong, 2024. "Can “dual credit” replace “subsidies” successfully? -based on analysis of vehicle supply chain decisions under the digital transformation of technology," Energy Economics, Elsevier, vol. 130(C).
  24. Ball-Burack, Ari & Sun, Ruixiao & Stack, Stephen & Ou, Shiqi (Shawn) & Bose, Ranjan & Yang, Hung-Chia, 2025. "Assessing the behavioral realism of energy system models in light of the consumer adoption literature," Renewable and Sustainable Energy Reviews, Elsevier, vol. 211(C).
  25. Xu Hao & Yan Zhou & Hewu Wang & Minggao Ouyang, 2020. "Plug-in electric vehicles in China and the USA: a technology and market comparison," Mitigation and Adaptation Strategies for Global Change, Springer, vol. 25(3), pages 329-353, March.
  26. Nie, Qingyun & Zhang, Lihui & Li, Songrui, 2022. "How can personal carbon trading be applied in electric vehicle subsidies? A Stackelberg game method in private vehicles," Applied Energy, Elsevier, vol. 313(C).
  27. Qian, Lixian & Huang, Youlin & Tyfield, David & Soopramanien, Didier, 2023. "Dynamic consumer preferences for electric vehicles in China: A longitudinal approach," Transportation Research Part A: Policy and Practice, Elsevier, vol. 176(C).
  28. Ma, Haicheng & Lou, Gaoxiang & Fan, Tijun & Chan, Hing Kai & Chung, Sai Ho, 2021. "Conventional automotive supply chains under China's dual-credit policy: fuel economy, production and coordination," Energy Policy, Elsevier, vol. 151(C).
  29. Fan, Hang & Li, Zhi & Duan, Yunjie & Wang, Boyu, 2025. "Incentive policy formulation for China's electric vehicle market: Navigating pathways to sustainable mobility with a green premium analytical model," Energy Policy, Elsevier, vol. 202(C).
  30. Jizi Li & Yuping Zhou & Dengke Yu & Chunling Liu, 2020. "Consumers’ Purchase Intention of New Energy Vehicles: Do Product-Life-Cycle Policy Portfolios Matter?," Sustainability, MDPI, vol. 12(5), pages 1-23, February.
  31. Hu, Xu & Yang, Zhaojun & Sun, Jun & Zhang, Yali, 2021. "Exempting battery electric vehicles from traffic restrictions: Impacts on market and environment under Pigovian taxation," Transportation Research Part A: Policy and Practice, Elsevier, vol. 154(C), pages 53-91.
  32. Kangda Chen & Fuquan Zhao & Han Hao & Zongwei Liu & Xinglong Liu, 2021. "Hierarchical Optimization Decision-Making Method to Comply with China’s Fuel Consumption and New Energy Vehicle Credit Regulations," Sustainability, MDPI, vol. 13(14), pages 1-25, July.
  33. Fuquan Zhao & Kangda Chen & Han Hao & Zongwei Liu, 2020. "Challenges, Potential and Opportunities for Internal Combustion Engines in China," Sustainability, MDPI, vol. 12(12), pages 1-15, June.
  34. Ou, Shiqi & Lin, Zhenhong & Xu, Guoquan & Hao, Xu & Li, Hongwei & Gao, Zhiming & He, Xin & Przesmitzki, Steven & Bouchard, Jessey, 2020. "The retailed gasoline price in China: Time-series analysis and future trend projection," Energy, Elsevier, vol. 191(C).
  35. Lian Ding & Xiaodong Zhu, 2023. "The Impact of the Dual-Credit Policy on Production and Cooperative R&D in the Automotive Supply Chain," Sustainability, MDPI, vol. 15(2), pages 1-18, January.
  36. Yu, Hui & Li, Ying & Wang, Wei, 2023. "Optimal innovation strategies of automakers with market competition under the dual-credit policy," Energy, Elsevier, vol. 283(C).
  37. Hsieh, I-Yun Lisa & Pan, Menghsuan Sam & Green, William H., 2020. "Transition to electric vehicles in China: Implications for private motorization rate and battery market," Energy Policy, Elsevier, vol. 144(C).
  38. Bhardwaj, Chandan & Axsen, Jonn & McCollum, David, 2022. "How to design a zero-emissions vehicle mandate? Simulating impacts on sales, GHG emissions and cost-effectiveness using the AUtomaker-Consumer Model (AUM)," Transport Policy, Elsevier, vol. 117(C), pages 152-168.
  39. Zhou, Jiayu & Li, Yina & Ye, Fei & Zhao, Xiande & Tong, Yang & Guo, Hangfei, 2024. "Single rollover or dual rollover: How a monopoly NEV manufacturer responds to NEV credit policy," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 191(C).
  40. Liangui Peng & Ying Li & Hui Yu, 2021. "Effects of Dual Credit Policy and Consumer Preferences on Production Decisions in Automobile Supply Chain," Sustainability, MDPI, vol. 13(11), pages 1-19, May.
  41. Ziyue Wang & Juan Zhang & Huiju Zhao, 2020. "The Selection of Green Technology Innovations under Dual-Credit Policy," Sustainability, MDPI, vol. 12(16), pages 1-22, August.
  42. Liukai Yu & Xuehai Jiang & Yujie He & Yangyang Jiao, 2022. "Promoting the Diffusion of New Energy Vehicles under Dual Credit Policy: Asymmetric Competition and Cooperation in Complex Network," Energies, MDPI, vol. 15(15), pages 1-20, July.
  43. Zhu, Pengyu & Wang, Zining & Singh, Renu & Tan, Xinying, 2026. "China's model of technology leapfrog: A case study of electric vehicle policies and the development of green technology," Renewable and Sustainable Energy Reviews, Elsevier, vol. 226(PD).
  44. Chen, Jing & Wang, Yushi & Xu, Yangyi & Shi, Jingyi, 2025. "Dual-credit policy failure: The emergence principle and hedging mechanisms," Energy Economics, Elsevier, vol. 141(C).
  45. Fan, Xia & Li, Chuanju, 2025. "“To be unfolding” or “be on its last legs”—Preferential tax policies between supply and demand and the development of the new energy vehicle industry based on an ABM model," Energy Policy, Elsevier, vol. 200(C).
  46. Luo, Qi & Yin, Yunlei & Chen, Pengyu & Zhan, Zhenfei & Saigal, Romesh, 2022. "Dynamic subsidies for synergistic development of charging infrastructure and electric vehicle adoption," Transport Policy, Elsevier, vol. 129(C), pages 117-136.
  47. Hao, Xu & Lin, Zhenhong & Wang, Hewu & Ou, Shiqi & Ouyang, Minggao, 2020. "Range cost-effectiveness of plug-in electric vehicle for heterogeneous consumers: An expanded total ownership cost approach," Applied Energy, Elsevier, vol. 275(C).
  48. Yu, Yi & Zha, Donglan & Zhou, Dequn & Wang, Qunwei, 2025. "Promoting the adoption of electric vehicles through private charging infrastructure: Should subsidies be for the builder or non-builder?," Transportation Research Part A: Policy and Practice, Elsevier, vol. 192(C).
  49. Qin, Shufeng & Xiong, Yongqing, 2022. "Innovation strategies of Chinese new energy vehicle enterprises under the influence of non-financial policies: Effects, mechanisms and implications," Energy Policy, Elsevier, vol. 164(C).
  50. Qiu, Y.Q. & Zhou, P. & Sun, H.C., 2019. "Assessing the effectiveness of city-level electric vehicle policies in China," Energy Policy, Elsevier, vol. 130(C), pages 22-31.
  51. Wen, W. & Yang, S. & Zhou, P. & Gao, S.Z., 2021. "Impacts of COVID-19 on the electric vehicle industry: Evidence from China," Renewable and Sustainable Energy Reviews, Elsevier, vol. 144(C).
  52. Cheng, Yongwei & Fan, Tijun, 2021. "Production coopetition strategies for an FV automaker and a competitive NEV automaker under the dual-credit policy," Omega, Elsevier, vol. 103(C).
  53. Han, Jing & Guo, Ju-E & Cai, Xun & Lv, Cheng & Lev, Benjamin, 2022. "An analysis on strategy evolution of research & development in cooperative innovation network of new energy vehicle within policy transition period," Omega, Elsevier, vol. 112(C).
  54. Zhao, Dan & Wang, Jian & Li, Wen-wu & Tang, Jin-huan & Huang, Shuai, 2025. "Consider payoff or emphasize learning? Exploring the effect of new dual-credit policy on electric vehicle diffusion in complex network," Energy Economics, Elsevier, vol. 148(C).
  55. Chen, Feng & Wu, Bin & Lou, Wen-qian & Zhu, Bo-wen, 2024. "Impact of dual-credit policy on diffusion of technology R & D among automakers: Based on an evolutionary game model with technology-spillover in complex network," Energy, Elsevier, vol. 303(C).
  56. Dong-Xiao Yang & Lei Yang & Xiao-Ling Chen & Chan Wang & Pu-Yan Nie, 2023. "Research on credit pricing mechanism in dual-credit policy: is the government in charge or is the market in charge?," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 25(2), pages 1561-1581, February.
  57. Ji, Shou-feng & Zhao, Dan & Luo, Rong-juan, 2019. "Evolutionary game analysis on local governments and manufacturers' behavioral strategies: Impact of phasing out subsidies for new energy vehicles," Energy, Elsevier, vol. 189(C).
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