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Dual Carbon Goal-Based Quadrilateral Evolutionary Game: Study on the New Energy Vehicle Industry in China

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posted on 2023-04-25, 10:37 authored by Tao Li, Lei Ma, Zheng LiuZheng Liu, Chaonan Yi, Kaitong Liang

 In an effort to tackle climate change, the “Dual Carbon” target raised by the Chinese government aims to reach peak carbon dioxide emissions by 2030 and to achieve carbon neutrality by 2060. Accordingly, policy incentives have accelerated the new energy vehicle (NEV) sector. Whilst previous studies have focused on the bilateral game between governments and manufacturers, NEV development has witnessed interaction among multiple players. In this paper, we construct a quadrilateral evolutionary game model, considering the impact of government policies, manufacturers’ R&D investments, dealers’ support, and consumer choice on the evolutionary stabilization strategy (ESS) in the context of China. The results show that: (1) in the absence of government incentives, there is no motivation for manufacturers, dealers and consumers to consider the development of NEVs; (2) government incentives affect manufacturers and consumers on the evolutionary paths in the short term. In the long term, benefit- and utility-based limited rationality has a dominant role in the ESS. This study contributes to the understanding of the multilateral dynamics of NEV innovation and provides important implications to practitioners and policy makers. 

History

Published in

International Journal of Environmental Research and Public Health

Publisher

MDPI

Version

  • VoR (Version of Record)

Citation

Li, Tao, Lei Ma, Zheng Liu, Chaonan Yi, and Kaitong Liang. (2023) "Dual Carbon Goal-Based Quadrilateral Evolutionary Game: Study on the New Energy Vehicle Industry in China" International Journal of Environmental Research and Public Health 20, no. 4: 3217. https://doi.org/10.3390/ijerph20043217

Electronic ISSN

1660-4601

Cardiff Met Affiliation

  • Cardiff School of Management

Cardiff Met Authors

Zheng Liu

Cardiff Met Research Centre/Group

  • Welsh Centre for Business and Management Research

Copyright Holder

  • © The Authors

Language

  • en

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