Journal of System Simulation ›› 2021, Vol. 33 ›› Issue (6): 1451-1465.doi: 10.16182/j.issn1004731x.joss.21-0006

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Development Paths of New Energy Vehicles Incorporating CO2 Emissions Trading Scheme

Li Wenxiang1, Li Ye2,*, Dong Jieshuang1, Li Yiming1   

  1. 1. Business School, University of Shanghai for Science and Technology, Shanghai 200093, China;
    2. College of Transportation Engineering, Tongji University, Shanghai 2010804, China
  • Received:2021-01-04 Revised:2021-03-15 Online:2021-06-18 Published:2021-06-23

Abstract: New energy vehicles in China have entered the “post-subsidy era”, and it is urgent to explore and establish a long-term mechanism for market-oriented development. The CO2 emission trading scheme for road transport (ETS-RT) is introduced to replace financial subsidies, forming a market-oriented incentive and punishment mechanism. Therefore, a market mechanism is established where internal combustion engine vehicles feed new energy vehicles. A causal loop diagram of system dynamics was used to analyze the key policy parameters of the ETS-RT that affect the development of new energy vehicles. Then a multi-agents-based model of ETS-RT is established to simulate the development paths of new energy vehicles incorporating ETS-RT. The results show that: the market share of new energy vehicles in 2030 and 2050 may reach 50%-85% and 91%-98% respectively under the development paths. It reflects that the introduction of ETS-RT can effectively promote the leaping development of China's new energy vehicles in the “post-subsidy era”.

Key words: new energy vehicle, CO2 emission trading scheme, multi-agent collaboration, agent-based modeling and simulation, system dynamics

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