The Technological Innovation Capability of The New Energy Vehicle Industry

Abstract

Several subsidy programs are being implemented by nations all over the world in an effort to support the growth of the new energy vehicle industry and increase its capacity for innovation. In order to assess the sector’s capacity for technical innovation, the innovation capability level of China’s new energy vehicle industry from 2012 to 2017 was computed using a network DEA model. Technology development and innovation transformation were the two stages into which the sector was split. The findings demonstrate that a mismatch between the effectiveness of the technology development stage and the effectiveness of the innovation transformation stage is the cause of innovative technology’s inability to support business operations. This mismatch also contributes to the new energy vehicle industry in China’s overall low level of innovation capability. Based on the study’s findings, significant policy suggestions are made in order to progress the new energy vehicle industry’s technological capabilities within the constraints of China’s present new energy policy.