The effects of government subsidies on new energy vehicle enterprises: The moderating role of intelligent transformation

Citations

Cited by:

1. Liu, Feng & Wang, Xingyu & Wang, Hailong & Lv, Tao, 2025. "Exploring the influential mechanism of subsidy policy on new energy vehicles adoption: Evidence from a comprehensive evaluation framework and interpretable machine learning approach," Energy, Elsevier, vol. 338(C).
2. Yuchao Li & Lijie Zhang & Jiamin Liu & Xinpei Qiao, 2023. "Can the Dual-Credit Policy Help China’s New Energy Vehicle Industry Achieve Corner Overtaking?," Sustainability, MDPI, vol. 15(3), pages 1-22, January.
3. Li, Jingjing & Nian, Victor & Jiao, Jianling, 2022. "Diffusion and benefits evaluation of electric vehicles under policy interventions based on a multiagent system dynamics model," Applied Energy, Elsevier, vol. 309(C).
4. Li, Shuangyan, 2022. "Natural extreme events, government subsidies and corporate environment responsibility: Evidence from China's energy sector," Energy Economics, Elsevier, vol. 114(C).
5. Yang, Weifeng & Cheng, Guangbin, 2026. "How does the sci-tech finance pilot policy drive the intelligent transformation of enterprises?," Finance Research Letters, Elsevier, vol. 89(C).
6. Wang, Xi & Xiong, Zhen & Li, Xingong & Xiong, Yongqing, 2024. "How do nonsubsidized incentive affect enterprises' innovation choices? A case from the new energy vehicle industry in China," Technological Forecasting and Social Change, Elsevier, vol. 204(C).
7. Chunhua Ju & Ke Li & Chonghuan Xu & Fuguang Bao, 2025. "Challenges and opportunities of hydrogen energy application in public transportation in the post-epidemic period," Humanities and Social Sciences Communications, Palgrave Macmillan, vol. 12(1), pages 1-20, December.
8. Guo, Xiaochuan & Li, Mengmeng & Wang, Yanlin & Mardani, Abbas, 2023. "Does digital transformation improve the firm’s performance? From the perspective of digitalization paradox and managerial myopia," Journal of Business Research, Elsevier, vol. 163(C).
9. Wang, Xiaoli & Huang, Lucheng & Daim, Tugrul & Li, Xin & Li, Zhiqiang, 2021. "Evaluation of China's new energy vehicle policy texts with quantitative and qualitative analysis," Technology in Society, Elsevier, vol. 67(C).
10. Wei Chen & Zhuzhang Yang & Hang Yan & Ying Zhao, 2023. "Promoting Construction Labor Professionalization: An Evolutionary Game Perspective," Sustainability, MDPI, vol. 15(12), pages 1-20, June.
11. 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.
12. Pi, Dawei & Xue, Pengyu & Wang, Weihua & Xie, Boyuan & Wang, Hongliang & Wang, Xianhui & Yin, Guodong, 2023. "Automotive platoon energy-saving: A review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 179(C).
13. Yunqing Liu & Ziqi Guo & Qianwen He, 2025. "Configuring Technological Innovation and Resource Synergies for Performance in New Energy Vehicle Enterprises: A Path Analysis Using Empirical and Comparative Methods," Sustainability, MDPI, vol. 17(11), pages 1-21, June.
14. Wu, Yu’e & Liu, Zeyun & Wang, Xinyu & Yin, Anran & Zhang, Shuhua, 2026. "Research on the diffusion of low-carbon technologies through trilateral evolutionary game based on incentive mechanisms," Applied Mathematics and Computation, Elsevier, vol. 516(C).
15. Lin, Boqiang & Xie, Yongjing, 2023. "Positive or negative? R&D subsidies and green technology innovation: Evidence from China's renewable energy industry," Renewable Energy, Elsevier, vol. 213(C), pages 148-156.
16. Bai, Rui & Lin, Boqiang & Liu, Xiying, 2021. "Government subsidies and firm-level renewable energy investment: New evidence from partially linear functional-coefficient models," Energy Policy, Elsevier, vol. 159(C).
17. Yue Wang & Yang Wen & Yingying Xu & Lei Shi & Xuan Yang, 2022. "Health Benefits Quantification for New-Energy Vehicles Promotion: A Case Study of Beijing," IJERPH, MDPI, vol. 19(21), pages 1-12, October.
18. Yu, Zhen & Wang, Yilan & Ma, Xiaoqian & Shuai, Chuanmin & Zhao, Yujia, 2023. "How critical mineral supply security affects China NEVs industry? Based on a prediction for chromium and cobalt in 2030," Resources Policy, Elsevier, vol. 85(PB).
19. Gao, Xue & Zhang, Fang & Jiang, Siyang, 2025. "Adapting to policy changes: How firms' R&D responses affect their performance," Research Policy, Elsevier, vol. 54(1).
20. Qiu, Jiayu & Deng, Xinxia & Liang, Rui, 2024. "Can the enterprise intelligent transformation promote accounting information transparency? Pressure from media attention," Finance Research Letters, Elsevier, vol. 66(C).
21. Yawei Xue & Chunqian Zhu & Yuchen Lu, 2025. "Research on the Influence Mechanism of New Energy Vehicle Promotion Policy," Sustainability, MDPI, vol. 17(8), pages 1-20, April.
22. Dongyu Zhao & Man Wang, 2024. "Smart Manufacturing Promotes High-Quality Development of Enterprises in China," Sustainability, MDPI, vol. 16(23), pages 1-20, November.
23. Guoge Yang & Feng Deng & Mingyue Du, 2024. "Research on the Asymmetric Influence of Non-R&D Subsidy and R&D Subsidy on Digital Enterprises Performance," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 15(3), pages 14749-14786, September.
24. 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).
25. Zhu, Chaoping & Wang, Xinhao & Fan, Ruguo, 2025. "Research on the production decisions of vehicle enterprises regarding intelligent transformation under the dual credit and cap-and-trade policies," Energy, Elsevier, vol. 320(C).
26. Cao, Li & Huang, Shiyuan & Hao, Yutong & Gao, Yuandong, 2025. "Trade shocks and destinations transfer of new energy vehicle safety incidents based on media coverage," International Review of Economics & Finance, Elsevier, vol. 103(C).
27. Zhang, Longpeng & Zhang, Xingye, 2025. "Impact of digital government construction on the intelligent transformation of enterprises: Evidence from China," Technological Forecasting and Social Change, Elsevier, vol. 210(C).
28. Haoxuan Hu & Yuchen Zhang & Xi Rao & Yinghua Jin, 2021. "Impact of Technology Innovation on Air Quality—An Empirical Study on New Energy Vehicles in China," IJERPH, MDPI, vol. 18(8), pages 1-13, April.
29. Tang, Songlin & Zhou, Wenbing & Li, Xinjin & Chen, Yingchao & Zhang, Qian & Zhang, Xiliang, 2021. "Subsidy strategy for distributed photovoltaics: A combined view of cost change and economic development," Energy Economics, Elsevier, vol. 97(C).
30. Ying Xie & Jie Wu & Xiao Zhou & Yongxiang Sheng, 2024. "The impact of consumer preferences on the evolution of competition in China’s automobile market under the Dual Credit Policy—A density game based perspective," PLOS ONE, Public Library of Science, vol. 19(3), pages 1-25, March.
31. Gu, Yan & Ho, Kung-Cheng & Xia, Senmao & Yan, Cheng, 2022. "Do public environmental concerns promote new energy enterprises' development? Evidence from a quasi-natural experiment," Energy Economics, Elsevier, vol. 109(C).
32. Jiang-xin Li & Ji-zu Li & Yu-cheng Wu, 2025. "Product R&D Strategy of New Energy Vehicle Enterprises Embedded with Technical Services Under the Subsidy Threshold," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 16(1), pages 1518-1545, March.
33. Danlei Feng & Mingzhao Hu & Lingdi Zhao & Sha Liu, 2022. "The Impact of Firm Heterogeneity and External Factor Change on Innovation: Evidence from the Vehicle Industry Sector," Sustainability, MDPI, vol. 14(11), pages 1-15, May.
34. Xiaoxu Yang & Yuming Liu & Kai Liu & Guangzhong Hu & Xi Zhao, 2022. "Research on Promotion and Application Strategy of Electric Equipment in Plateau Railway Tunnel Based on Evolutionary Game," Sustainability, MDPI, vol. 14(22), pages 1-19, November.
35. Song, Yanqiu & Shangguan, Lingzhi & Li, Guijun, 2021. "Simulation analysis of flexible concession period contracts in electric vehicle charging infrastructure public-private-partnership (EVCI-PPP) projects based on time-of-use (TOU) charging price strategy," Energy, Elsevier, vol. 228(C).
36. Yana Buravleva & Decai Tang & Brandon J. Bethel, 2021. "Incentivizing Innovation: The Causal Role of Government Subsidies on Lithium-Ion Battery Research and Development," Sustainability, MDPI, vol. 13(15), pages 1-16, July.
37. Jie Gao & Qingmei Tan & Bo Cui, 2024. "Evolutionary Game Analysis of New Energy Transition Among Government, Traditional Automobile Enterprises, and Research Institutions Under the Dual Carbon Goals," Energies, MDPI, vol. 17(23), pages 1-20, November.
38. Luqing Rong & Mengya Zhao & Maozeng Xu, 2025. "How do self-transcendent values and institutional forces influence consumer intentions to purchase new energy vehicles under subsidy withdrawal? Evidence from China," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 27(3), pages 7843-7870, March.
39. Yu, Feifei & Gao, Xia & Li, Xiaotong & Jiang, Dong, 2025. "Digitalization policy and enterprise digital transformation: The role of big data capability," Economic Analysis and Policy, Elsevier, vol. 86(C), pages 2095-2113.
40. Fu, Chao & Luo, Dianying & Zhang, Jiaoshu & Li, Wenxia, 2025. "Tax incentives, marketization level, and corporate digital transformation," International Review of Economics & Finance, Elsevier, vol. 97(C).
41. Shuai Wang & Fayyaz Ahmad & Yanlong Li & Nabila Abid & Abbas Ali Chandio & Abdul Rehman, 2022. "The Impact of Industrial Subsidies and Enterprise Innovation on Enterprise Performance: Evidence from Listed Chinese Manufacturing Companies," Sustainability, MDPI, vol. 14(8), pages 1-17, April.
42. Li, Zhe & Yang, Huiyu & Zhang, Tingting, 2025. "Impact of enterprise artificial intelligence development on human capital structure," Finance Research Letters, Elsevier, vol. 82(C).
43. Longzhen Yu & Jianhua Zhu & Zhixian Wang, 2021. "Green Taxation Promotes the Intelligent Transformation of Chinese Manufacturing Enterprises: Tax Leverage Theory," Sustainability, MDPI, vol. 13(23), pages 1-27, December.
44. Zhiyuan Gao & Mengwen Hua & Ziying Jia & Lianqing Li & Yu Hao, 2025. "Intelligent Pathway: Artificial Intelligence and the Path to Energy Sustainability," Growth and Change, Wiley Blackwell, vol. 56(4), December.
45. Zhao, Meng & Li, Bin & Ren, Jiali & Hao, Zhihua, 2023. "Competition equilibrium of ride-sourcing platforms and optimal government subsidies considering customers’ green preference under peak carbon dioxide emissions," International Journal of Production Economics, Elsevier, vol. 255(C).
46. Lin, Boqiang & Xie, Yongjing, 2023. "Does digital transformation improve the operational efficiency of Chinese power enterprises?," Utilities Policy, Elsevier, vol. 82(C).
47. Hong Chen & Haowen Zhu & Tianchen Sun & Xiangyu Chen & Tao Wang & Wenhong Li, 2023. "Does Environmental Regulation Promote Corporate Green Innovation? Empirical Evidence from Chinese Carbon Capture Companies," Sustainability, MDPI, vol. 15(2), pages 1-24, January.
48. Siwei Wang & Xin Li & Zibiao Li & Yongwei Ye, 2023. "The effects of government support on enterprises' digital transformation: Evidence from China," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 44(5), pages 2520-2539, July.
49. Xin Ma & Hong Jiang & Lijuan Tong & Jingyi Zhang & Mengyuan Dong, 2023. "Sustainability of the New Energy Automobile Industry: Examining the Relationship among Government Subsidies, R&D Intensity, and Innovation Performance," Sustainability, MDPI, vol. 15(20), pages 1-16, October.
50. Di Wang & Yuman Li, 2022. "Measuring the Policy Effectiveness of China’s New-Energy Vehicle Industry and Its Differential Impact on Supply and Demand Markets," Sustainability, MDPI, vol. 14(13), pages 1-16, July.
51. Chuanjia Du & Chengjun Wang & Tao Feng, 2023. "The Impact of China’s National Sustainable Development Experimental Zone Policy on Energy Transition," Sustainability, MDPI, vol. 15(10), pages 1-21, May.
52. Jing Peng & Zhiping Lin, 2022. "Eco-Innovation in New Energy Vehicle Supply Chains under Government Subsidies," Sustainability, MDPI, vol. 14(22), pages 1-21, November.
53. Wu, Zhanglan & Shao, Qinglong & Su, Yantao & Zhang, Dan, 2021. "A socio-technical transition path for new energy vehicles in China: A multi-level perspective," Technological Forecasting and Social Change, Elsevier, vol. 172(C).
54. Liu, Bingchun & Song, Chengyuan & Wang, Qingshan & Zhang, Xinming & Chen, Jiali, 2022. "Research on regional differences of China's new energy vehicles promotion policies: A perspective of sales volume forecasting," Energy, Elsevier, vol. 248(C).
55. Li Tian & Long Sun & Xueyuan Wang, 2025. "Evaluation of Digital Transformation and Upgrading in Emerging Industry Innovation Ecosystems: A Hybrid Model Approach," Sustainability, MDPI, vol. 17(17), pages 1-27, September.
56. 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).
57. Lin, Boqiang & Zhang, Aoxiang, 2023. "Government subsidies, market competition and the TFP of new energy enterprises," Renewable Energy, Elsevier, vol. 216(C).
58. Zhu, Huayou & Bao, Weiping & Yu, Guojun, 2024. "How can intelligent manufacturing lead enterprise low-carbon transformation? Based on China's intelligent manufacturing demonstration projects," Energy, Elsevier, vol. 313(C).
59. Susheng Wang & Gang Chen & Dawei Huang, 2021. "Can the New Energy Vehicle Pilot Policy Achieve Green Innovation and Emission Reduction?—A Difference-in-Differences Analysis on the Evaluation of China’s New Energy Fiscal Subsidy Policy," Sustainability, MDPI, vol. 13(15), pages 1-21, August.
60. Wang, Zhongcheng & Li, Xinyue & Xue, Xinhong & Liu, Yahuan, 2022. "More government subsidies, more green innovation? The evidence from Chinese new energy vehicle enterprises," Renewable Energy, Elsevier, vol. 197(C), pages 11-21.
61. Xi Tang & Junwen Feng & Bo Feng & Xiangyu Mao & Xiao Zhuo Wei, 2025. "Policy analysis on the promotion of new energy vehicles in China considering consumers’ car purchasing choices in the “post-subsidy era”: based on the study of a three-party evolutionary game," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 27(11), pages 26317-26348, November.
62. Mai, Yuhang, 2026. "Do NEV subsidy cuts crowd out housing prices? Evidence from Shanghai, China," Transport Policy, Elsevier, vol. 179(C).
63. Shen, Huayu & Hou, Fei, 2021. "Trade policy uncertainty and corporate innovation evidence from Chinese listed firms in new energy vehicle industry," Energy Economics, Elsevier, vol. 97(C).
64. Xu, Zhiwei & Li, Jiaqi & Hua, Xia & Ren, Pengyue, 2024. "Is the tone of the government-controlled media valuable for capital market? Evidence from China's new energy industry," Energy Policy, Elsevier, vol. 184(C).
65. Zongguo Ma & Xueai Fan & Yanli Zhang & Beibei Hu, 2023. "Understanding the Influencing Factors of Enterprise Transformation and Upgrading Capability: A Case Study of the National Innovation Demonstration Zones, China," Sustainability, MDPI, vol. 15(3), pages 1-25, February.
66. Zhou, You & Li, Xiaohan & Wu, Zhijing & Wu, Jian & Li, Hui, 2025. "Green bonds and intelligent manufacturing: Evidence from listed firms in China," Economics Letters, Elsevier, vol. 247(C).
67. 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).
68. Shi, Wenlei & Ying, Limeng & Ma, Guohua & Niu, Yanfang & Lv, Yuanyuan & Xu, Xiaofang, 2025. "Intelligent manufacturing, media attention, and sustainable development performance," International Review of Financial Analysis, Elsevier, vol. 106(C).
69. Yazhou Wu & Xiaomin Li & Ce Zhang & Shiqi Wang, 2024. "The impact of government subsidies on technological innovation of new energy vehicle enterprises: from the perspective of industry chain," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 26(10), pages 25589-25607, October.
70. Wang, Weilong & Xiao, Deheng & Wang, Jianlong & Wu, Haitao, 2024. "The cost of pollution in the digital era: Impediments of air pollution on enterprise digital transformation," Energy Economics, Elsevier, vol. 134(C).
71. Liangcan Liu & Xiang Li & Zhanjie Wang, 2025. "The Impact of Government Subsidies on the Environmental Performance of Agricultural Enterprises," Sustainability, MDPI, vol. 17(16), pages 1-18, August.
72. Xue, Kunkun & Cui, Ziyi & Sun, Zepeng & Sun, Peipei, 2026. "Does digital technology increase the labor income share of enterprises?," Technological Forecasting and Social Change, Elsevier, vol. 222(C).
73. Song, Yingjie & Dong, Jie, 2024. "Executives’ green experience and corporate ESG performance: Do government subsidies matter?," Finance Research Letters, Elsevier, vol. 69(PA).
74. Zhu, Xiaoxi & Chiong, Raymond & Wang, Miaomiao & Liu, Kai & Ren, Minglun, 2021. "Is carbon regulation better than cash subsidy? The case of new energy vehicles," Transportation Research Part A: Policy and Practice, Elsevier, vol. 146(C), pages 170-192.
75. Zhao, Yuntong & Jian, Zhaoquan & Du, Yushen, 2024. "How can China's subsidy promote the transition to electric vehicles?," Renewable and Sustainable Energy Reviews, Elsevier, vol. 189(PB).
76. 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).
77. Zhong, Xi & She, Jianquan & Wu, Xiaojie, 2024. "Tech for social good: Artificial intelligence and workplace safety," Technology in Society, Elsevier, vol. 79(C).
78. Ling, Xingyuan & Liu, Jingyu & Chen, Yuke & Wang, Chunyang, 2026. "Collaborative innovation mechanism design for new energy vehicle supply chains under carbon-footprint-based carbon labeling," Energy, Elsevier, vol. 344(C).
79. Han, Jie & Jiang, Cailou & Liu, Rong, 2023. "Does intelligent transformation trigger technology innovation in China's NEV enterprises?," Energy, Elsevier, vol. 270(C).