000034056 001__ 34056
000034056 041__ $$aEnglish
000034056 100__ $$aZheng, X.
000034056 245__ $$aManufacturing Decisions and Government Subsidies for Electric Vehicles in China: A Maximal Social Welfare Perspective
000034056 260__ $$c2018
000034056 300__ $$a672-672
000034056 520__ $$a© 2018 by the authors. In order to address challenges in the sustainable development of transportation, economy, and environment, governments of China and conventional automobile manufacturers are extremely concerned about the development of the electric vehicle (EV) manufacturing industry and market. However, owing to the limitations of EVs and the government economic policies on decreasing subsidies in China, many manufacturers are worried about entering the EV market. Given the low consumer preference for EVs, using a leader-follower Stackelberg game model, we investigate the impact of government a subsidy on the optimal production and pricing decisions of an auto manufacturer who could produce both EVs and conventional vehicles. We characterize whether/under what conditions the manufacturer's decision to offer EV products under government subsidy, whilst increasing its profits (a win-win situation). On the policy side, we delineate how government a subsidy can be set to realize the inherent economic, environmental, and social benefits of EV production (the triple win of EV production). We further investigate the impact of EV manufacturing- and society-related factors on the balance among manufacturer profits, environmental impact and social welfare. This study also finds that the adoption of EVs is not bound to be beneficial for the environment.
000034056 700__ $$aLin, H.
000034056 700__ $$aLiu, Z.
000034056 700__ $$aLi, D.
000034056 700__ $$aLlopis-Albert, C.
000034056 700__ $$aZeng, S.
000034056 773__ $$pSustainability
000034056 773__ $$v10 (3)
000034056 773__ $$a10.3390/su10030672
000034056 8564_ $$uhttp://www.mdpi.com/2071-1050/10/3/672$$yExternal link (open access)
000034056 980__ $$aARTICLE