Issue |
Sci. Tech. Energ. Transition
Volume 80, 2025
Emerging Advances in Hybrid Renewable Energy Systems and Integration
|
|
---|---|---|
Article Number | 11 | |
Number of page(s) | 24 | |
DOI | https://doi.org/10.2516/stet/2024101 | |
Published online | 20 January 2025 |
Regular Article
Navigating the energy crisis: automakers’ coopetition strategies under dual credit policy
1
School of Business Administration, Guizhou University of Finance and Economics, Guiyang 550025, Guizhou, China
2
Guizhou Vocational College of Economics and Business, Duyun 558022, Guizhou, China
3
Qiannan Normal University for Nationalities, Duyun 558000, Guizhou, China
* Corresponding author: wangchj828@mail.gufe.edu.cn
Received:
21
August
2024
Accepted:
13
November
2024
To tackle the energy and climate crises and achieve sustainable development, China has designated the development of new energy vehicles (NEVs) as a national strategy. This paper delves into the coopetition strategy of dual-model automakers under the dual credit policy (DCP) using a subsidy-R&D-production three-stage game model, considering government subsidies and consumer preferences. The model explores various strategies, including full competition and different R&D cooperation scenarios for fuel vehicles (FVs) and NEVs. Key findings include: (1) R&D subsidies boost NEVs R&D investments but may not always optimize social welfare. (2) When NEVs technology spillovers are low, firms should fully cooperate; otherwise, the FVs R&D cooperation is optimal, especially with high FVs spillovers. (3) Investments and outputs in both vehicle types positively correlate with technology spillovers, and consumer preferences. Conversely, FVs equilibrium decreases with NEVs credit proportion and fuel consumption disparities. (4) The credit price positively influences R&D investments and outputs of NEVs, but its effects on FVs’ R&D investments, outputs, corporate profits, and social welfare vary based on market dynamics. Recommendations include optimizing subsidy policies, supporting low-carbon FVs, enhancing infrastructure, and strengthening DCP regulations to stabilize credit price expectations.
Key words: Dual credit policy / Government subsidies / Coopetition strategies / R&D investments / Consumer preference / Technology spillovers
© The Author(s), published by EDP Sciences, 2025
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