A Brief Analysis and Suggestions on the Current Situation of New Energy Vehicles in China

Abstract

With continuous development of China’s economy in the past two decades, people’s living conditions have been greatly improved. The improved living quality boosts the prosperity of the automobile industry in China. However, whilst the popularity of automobiles promotes the rapid development of social economy and modern civilization, it also brings severe energy and environmental problems. The government pays great attention to these problems, and promotes the development of new energy vehicle industry by issuing various policies and encouraging consumers to actively buy new energy vehicles. However, under these policy incentives and economic incentives, the domestic new energy vehicle industry did not present the expected market response. This paper briefly describes the development status and existing problems of domestic new energy vehicle industry, and puts forward some feasible suggestions.