Influence of Government Subsidies for Green Technology Development on the Performance of Chinese New-Energy Automobile Enterprises

• Main Author: Hongjun Xiong and Yi Shen
• Format: Article
• Language: English
• Published: Technoscience Publications 2020-12-01
• Series: Nature Environment and Pollution Technology
• Subjects: environment
• Online Access: http://neptjournal.com/upload-images/(26)G-208.pdf

Recently, facing situations of insufficient energy and harsh environmental conditions, new-energy vehicles begin to enter people’s lives. But considering many factors such as price and market acceptance development of new-energy automobile market must not lack government incentives. In recent two years, the government’s subsidy for green technology development to new-energy automobile enterprises has entered the post-subsidy era. To explore the sustainable development of new-energy automobile enterprises, Foton automobile was selected as the research object and the scale of government subsidy for green technology development to Foton automobile was clearly defined, the performance was analyzed by using multiple regression method. Results show that government subsidy and tax return for green technology development have a positive effect on Foton automobile’s performance, environmental regulation stringency has a significant positive moderating effect. Referring to the conclusions, some suggestions were put forward for Foton automobile’s future development and the development of newenergy automobile industry.