Development of New Energy Vehicles in Entrepreneurial Ecosystem Under the Carbon Neutrality Policy in China

Abstract

This chapter aims to study how the New Energy Vehicle (NEV) industry is developing in the entrepreneurial ecosystem, under the Carbon Neutrality policy in China. This chapter explores the role of the Chinese Government, post the 14th Five-year plan period, in promoting sustainable development of new energy vehicles. This work also sheds more light on China's policies and how these institutions promote the development of environmental awareness in various industries. The overall effect on the environment of these developments, as well as the impact of China's environmental research and institutional changes of enterprises under the sustainable aims of carbon neutrality, will be discussed. This chapter also collates statistical information mainly on the carbon neutrality, carbon trading market, development of new energy vehicles and ESG investment. Cases from China are presented for deeper and funneled insights. The chapter also provides suggestions for the development of new energy vehicles and investment under China's environment-based ecosystems.