Author(s)

Linjun Yi ¹

Affiliation(s)

¹ Shanghai Hongruan Boyuan School, Shanghai, China

Corresponding Author

Linjun Yi

ABSTRACT

As a matter of fact, with the changing times, people have more time to travel and an increasing need for transportation that does not cause significant pollution, so new energy vehicles have emerged. In contemporary society, with the comprehensive development of AI and 5G technology, new energy vehicles are the best carrier of these future technologies and can also drive the development of related technologies, which prompts every country to compete in this market and occupy more market share. With this in mind, this article attempts to combine market information in recent years to explore in detail the future development of new energy vehicles. To be specific, this study will investigate the differences that may arise from the different approaches of China and the United States towards new energy vehicles. According to the analysis, the suggestions as well as implications for development of the new energy vehicle industry will be proposed. Overall, these results shed light on guiding further exploration of new energy vehicle development in global market.

KEYWORDS

New energy vehicle, sales comparison, China and United States vehicle marmet

CITE THIS PAPER

Linjun Yi, Analysis of the New Energy Vehicle Market in China and the United States. Industrial Engineering and Innovation Management (2024) Vol. 7: 10-15. DOI: http://dx.doi.org/10.23977/ieim.2024.070302.

REFERENCES

[1] Bai, F., Zhao, F., Liu, X. and Liu, Z. (2022) The Role and Implementation Path of the Automotive Industry in Carbon Neutrality. Society of Automotive Engineers (SAE)-China Congres, 100-112. 
[2] Li, J., Jiao, J. and Tang, Y. (2019) An evolutionary analysis on the effect of government policies on electric vehicle diffusion in complex network. Energy policy, 129, 1-12.
[3] Yu, J.S. (2022) Exploring the Future Development Trends of the New Energy Vehicle Industry. Automotive knowledge, 22(4), 53-55.
[4] Liu, W.T. (2024) Incentive policies and prospects for new energy vehicles based on SWOT analysis. Management Science and Engineering, 13(1), 246-256.
[5] Wang, Z. (2024) Annual report on the big data of new energy vehicle in China (2022), Springer Nature.
[6] China Charging Alliance: Public charging stations increased by 47% year-on-year in April Retrieved from: https://baijiahao.baidu.com/s?id=1798744500674060896&wfr=spider&for=pc
[7] Zhang, L. (2015) Inside China's automobile factories. Cambridge University Press.
[8] Xu, H.D. (2023) Current Deputy Chief Engineer and Minister of Industrial Research Department of China Association of Automobile Manufacturers, concurrently serving as Secretary General of the International Trade Coordination Committee, Secretary General of the Market and Trade Committee, and Automotive Industry Secretary General of the Post Market Committee, 11, 7
[9] Wang, C.F. (2023) The current Chairman, Executive Director and President of BYD Co., Ltd., and Honorary President. WeChat Business Association, 17.
[10] Wang, Z. (2024) Taking BYD as an Example to Analyze the Key Technologies and Development Trends of New Energy Vehicles in China. Auto Maintenance, 6, 111.
[11] Knez, M., Zevnik, G.K. and Obrecht, M. (2019) A review of available chargers for electric vehicles: United States of America, European Union, and Asia. Renewable and Sustainable Energy Reviews, 109, 284-293.
[12] Zheng, J. (2024) Yinji Technology: Unlocking the new era of intelligence. Car observation, 1, 56-58.
[13] Shi, M. J. and Hu, X. Research on the Impact of Differentiated Subsidies on the New Energy Vehicle Supply Chain under Asymmetric Information. Journal of Chongqing Gongshang University (Natural Science Edition), 41(2), 96-106.
[14] Bown, C.P. (2023) Industrial policy for electric vehicle supply chains and the US-EU fight over the Inflation Reduction Act. Peterson Institute for International Economics Working Paper, 23, 1. 

Sponsors, Associates, and Links

---

• Information Systems and Economics
  
  
• Accounting, Auditing and Finance
  
  
• Tourism Management and Technology Economy
  
  
• Journal of Computational and Financial Econometrics
  
  
• Financial Engineering and Risk Management
  
  
• Accounting and Corporate Management
  
  
• Social Security and Administration Management
  
  
• Population, Resources & Environmental Economics
  
  
• Statistics & Quantitative Economics
  
  
• Agricultural & Forestry Economics and Management
  
  
• Social Medicine and Health Management
  
  
• Land Resource Management
  
  
• Information, Library and Archival Science
  
  
• Journal of Human Resource Development
  
  
• Manufacturing and Service Operations Management
  
  
• Operational Research and Cybernetics