Preprint Article Version 1 This version is not peer-reviewed

Barriers to Constructing New Energy Vehicles According to Chinese SMEs

Version 1 : Received: 23 November 2017 / Approved: 24 November 2017 / Online: 24 November 2017 (04:16:23 CET)

How to cite: GaoYan, Q.; McCauley, D.; Konina, N. Barriers to Constructing New Energy Vehicles According to Chinese SMEs. Preprints 2017, 2017110156 (doi: 10.20944/preprints201711.0156.v1). GaoYan, Q.; McCauley, D.; Konina, N. Barriers to Constructing New Energy Vehicles According to Chinese SMEs. Preprints 2017, 2017110156 (doi: 10.20944/preprints201711.0156.v1).

Abstract

New energy vehicles (NEVs) have been proposed as a promising technology to reduce greenhouse gas (GHG) emissions. China is one of the leading countries in the development of NEVs, and a wide range of companies, including large and smaller businesses, are involved in the Chinese NEV market. Given that the NEV market involves the creation of nascent technologies, there are significant barriers to the development of NEV companies in the business growth stage. This is particularly significant in the case of small and medium-sized enterprises (SMEs). This study surveyed 100 NEV SMEs in China using a structured questionnaire to determine the most significant barriers to the growth of their businesses. Calculating the relative importance index (RII) from the collected questionnaire responses revealed that the most significant barrier at the growth stage is the lack of skilled scientists in China. The most important category of barriers is legal and institutional barriers, which suggests that government intervention in business activities, taxes, and unclear regulations are viewed by entrepreneurs as a serous hindrance to further development in the NEV industry.

Subject Areas

cars; China; climate change; innovation; renewables

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