How will a lack of policies affect the NEV battery industry?

As a core component of NEVs, the battery itself is market-driven by policies, and the lack of continuity in supporting policies will leave the NEV battery industry without supporting policies in the long run, which may slow down the development of the whole industry.

What is a new energy vehicle policy?

Policies covering the sales stage placed maximum emphasis on new energy vehicle subsidies while focusing on the demonstration role of public institution procurement. In the use stage, the most important topic was the construction of charging infrastructure and the environment of new energy vehicles.

Are power batteries the core of new energy vehicles?

Power batteries are the core of new energy vehicles, especially pure electric vehicles. Owing to the rapid development of the new energy vehicle industry in recent years, the power battery industry has also grown at a fast pace (Andwari et al., 2017).

Did the Chinese government publish a policy on power batteries?

This indicates that the Chinese government hardly published policies on the industrialisation of power batteries in these two years, which slowed down the realisation of policy goals.

When did the EU adopt a battery regulation?

Parliament approved the agreed text on 14 June 2023. The regulation was published in the EU Official Journal on 28 July 2023. Procedure completed. The issue of batteries is relevant to many policy areas, from transport, climate action and energy to waste and resources.

Why are Power Battery policies so complicated?

Because of their large number, policies for the power battery industry have become complicated. If policy elements are not reasonably designed and configured, certain negative effects might hamper the development of the power battery industry, leading to missed opportunities to guide and regulate the industry.