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.
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.
At the same time, it is necessary to fully consider the characteristics and attributes of each stage in the life cycle of the power battery industry and to strengthen the connection between each stage to promote the healthy development of the industry. Maintain policy continuity after setting policy objectives.
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.
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).
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).
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