As one of the technology-intensive industries, the electric vehicle (EV) industry has attracted the attention of the Chinese government. It has provided various incentives for the purchase of EVs, including tax incentives, policy loans at preferential interest rates and the establishment of charging facilities. EV production technology developed rapidly and sales of EVs increased significantly during the 2010s. The role of the government seems to have been of vital importance to the rapid development of the EV industry in China. To improve this further, it would be helpful for the government to efficiently coordinate various policy measures benefitting the EV industry and create a more suitable social environment for consumers to use EVs. The government should also carefully consider how to improve the applicability of EVs in different regional surroundings. In addition, efficient collaboration between the electronics industry and the automobile industry would be critical.
- Electric vehicles
- financial incentives