New energy vehicle energy storage policy

What is a new energy vehicle policy?

Policies covering the sales stage placed maximum emphasis on new energy vehicle subsidies while focusing on the demonstration role of public institution procurement. In the use stage, the most important topic was the construction of charging infrastructure and the environment of new energy vehicles.

How will the state contribute to the development of energy storage technology?

We will continue the diversification of energy storage technology and reduce the costs of relatively mature new energy storage technologies like lithium-ion batteries and commercial-scale applications. It shows that the state attaches importance to the energy storage industry and further accelerates the development of the power battery industry.

How will a lack of policies affect the NEV battery industry?

As a core component of NEVs, the battery itself is market-driven by policies, and the lack of continuity in supporting policies will leave the NEV battery industry without supporting policies in the long run, which may slow down the development of the whole industry.

Are power batteries the core of new energy vehicles?

Power batteries are the core of new energy vehicles, especially pure electric vehicles. Owing to the rapid development of the new energy vehicle industry in recent years, the power battery industry has also grown at a fast pace (Andwari et al., 2017).

Why is the Chinese new energy vehicle industry important?

The Chinese new energy vehicle (NEV) industry has developed rapidly, which has become one of the largest NEV markets in the world. The Chinese government has played a pivotal role in supporting and promoting the NEV industry, leading to significant advancements in policies, technology, infrastructure, industrial chain, and market development.

Do IRA incentives affect electric vehicle battery technology and supply chain decisions?

Nature Energy (2024) Cite this article We analyse US Inflation Reduction Act (IRA) incentives for electric vehicle battery technology and supply chain decisions. We find that the total value of available credits exceeds estimated battery production costs, but qualifying for all available credits is difficult.