Forecasting the Impact of Dual-credit Policy (2021-2023) on China's Electric Vehicle Market

Shiqi Ou, Zhenhong Lin, Xin He, Rujie Yu, Jessey Bouchard & Steven Przesmitzki
China is well known for its ambition on large-scale vehicle electrification which currently is mainly driven by fuel economy and electric vehicle policies. This study adopts the New Energy and Oil Consumption Credits (NEOCC) model, a vehicle policy analysis tool developed by the Oak Ridge National Laboratory, to systematically quantify the potential impacts of the “Passenger Cars Corporate Average Fuel Consumption and New Energy Vehicle Credit Regulation” which was released in June 2020 for the...
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