Why do we need a new battery subsidy policy?

In addition to annually reducing the amount of subsidy for public and private purchases, these policy adjustments also imposed more stringent technical requirements (e.g., energy density, driving range, etc.) for receiving subsidies in order to promote the development of core battery technologies by the domestic firms (policy aims at low-levels).

Can government subsidies help recycle EOL power batteries?

Government subsidies can promote recycling companies and consumers to actively recycle EoL power batteries. The government hopes to achieve the goal of optimal total social gain by employing subsidies. However, the government will only act if the net benefit to society is greater than the subsidy paid by the government.

Can power battery recycling benefit from a government subsidy?

They found that the original profit-sharing status would change after the government subsidy was introduced into the model. In conclusion, the government has noted that the power battery recycling industry can reap more benefits. The government’s policies are relatively broad, with most documents and policies being macrolevel guidance.

When will China's national subsidy program for new energy vehicles take effect?

Timeline of China’s national subsidy program for new energy vehicles The Notice will fully take efect on July 23, 2020, after a three-month transition period from the time of its release. The next to last section of this policy update describes a special provision regarding how the 2019 and 2020 policies connect during the transition period.

Which vehicles are eligible for a new energy subsidy?

According to the 2017–2020 Policy Adjustment, subsidies are available for qualified new energy passenger cars, buses and coaches, and freight trucks, along with vocational vehicles, such as garbage trucks.

Should government policies support renewable power battery recycling companies?

In conclusion, governments should introduce policies to support companies that handle renewable power battery recycling to optimize the structure of the power battery recycling industry and achieve the goal of balanced economic growth and environmental protection. The results of this paper provide a basis for government policy.