Author(s)

Zimeng Hui ¹, Jing Zeng ¹, Yingying Zhang ²

Affiliation(s)

¹ School of Business, Xi'an International Studies University, Xi'an, 710128, China
² School of Economics and Finance, Xi'an International Studies University, Xi'an, 710128, China

Corresponding Author

Zimeng Hui

ABSTRACT

With the increase of global environmental awareness and the active promotion of policies, the new energy automobile industry has gradually become a new trend in the development of the automobile industry. This study analyzes the influencing factors of the production and sales volume of new energy vehicles (EV and PHEV) and traditional fuel vehicles (OFC), and then explores the impact of new energy vehicles on the development of traditional automobile industry. The study uses 2013-2022 data to construct an entropy-weighted TOPSIS-based indicator system to quantify industry differences and identify the main influencing factors. Further, Pearson correlation analysis is used to analyze the correlation between the main indicators and production and sales volume to identify the impact of new energy vehicles on the traditional automobile industry. The results of the study reveal the significant influence of environmental and ecological indicators, economic indicators, technological development indicators and infrastructure construction on the development of new energy automobile industry. Meanwhile, the correlation between crude oil production, total energy consumption, average energy density of battery and traditional fuel vehicle industry is analyzed, which points out the impact and promotion of new energy vehicle industry on traditional automobile industry. Based on the analysis results, optimization strategies for the automobile industry are proposed to promote the sustainable development of the industry.

KEYWORDS

New Energy Vehicle, Conventional Energy Vehicles, Entropy Weighting, TOPSIS Model, Pearson Correlation Analysis

CITE THIS PAPER

Zimeng Hui, Jing Zeng, Yingying Zhang, Analyzing the Influence Factors of New Energy Vehicles on Traditional Energy Vehicle Industry in China Based on Entropy Weighted TOPSIS and Pearson Analysis. Industrial Engineering and Innovation Management (2024) Vol. 7: 143-150. DOI: http://dx.doi.org/10.23977/ieim.2024.070320.

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