Sustainable innovation cooperation for new energy vehicles under technological innovation risks and dual credit policy

[EN] The rapid growth of new energy vehicles (NEVs) provides a promising pathway to mitigate environmental degradation and alleviate energy shortages. To accelerate this transition, China has introduced the dual credit policy, a market-driven mechanism designed to incentivize technological innovatio...

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Detalles Bibliográficos
Autores: Ma, Miaomiao, Li, Yuyu, Zhou, Yishan, Huang, Bo
Tipo de recurso: artículo
Fecha de publicación:2026
País:España
Institución:Universitat Politècnica de València (UPV)
Repositorio:RiuNet. Repositorio Institucional de la Universitat Politécnica de Valéncia
Idioma:inglés
OAI Identifier:oai:dnet:riunet______::2eba1a6fd0ac37f9ff05fb467b2a8e76
Acceso en línea:https://riunet.upv.es/handle/10251/233673
Access Level:acceso abierto
Palabra clave:Dual credit policy
Innovation risks
Innovation cooperation
New energy vehicles
Sustainable policy design
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spelling Sustainable innovation cooperation for new energy vehicles under technological innovation risks and dual credit policyMa, MiaomiaoLi, YuyuZhou, YishanHuang, BoDual credit policyInnovation risksInnovation cooperationNew energy vehiclesSustainable policy design[EN] The rapid growth of new energy vehicles (NEVs) provides a promising pathway to mitigate environmental degradation and alleviate energy shortages. To accelerate this transition, China has introduced the dual credit policy, a market-driven mechanism designed to incentivize technological innovation. However, most studies implicitly assume successful innovation outcomes, overlooking the substantial risk of innovation failure that characterizes NEV supply chains. This study develops decision-making models that incorporate innovation risk and examines three scenarios-no innovation, independent innovation, and cooperative innovation-to derive optimal innovation strategies and cooperation conditions. Results show that while the dual credit policy effectively promotes innovation, its incentive impact is significantly weakened when innovation risk is high. Cost-sharing mechanisms can alleviate this adverse effect, as the policy increases manufacturers' willingness to share innovation costs, thereby facilitates cooperative technological innovation. Moreover, higher credit prices or credit coefficients further expand the manufacturer's cost-sharing coefficients, enhancing the feasibility of sustained cooperation. These findings highlight that integrating innovation risk considerations into policy design, together with well-structured cost-sharing arrangements, offers a feasible pathway for advancing NEV innovation in line with global sustainability goals.The study was supported by the Doctoral Project of Social Sciences in Chongqing Municipality [No. 2025BS067]; Supported by the Science and Technology Research Program of Chongqing Municipal Education Commission (Grant No. KJQN202504401); Supported by the Fundamental Research Funds for the Central Universities (No.2024CDJSKXYJG09); Supported by the Chongqing Academy of commerce, International Trade Research Center (No. 2025XJZX01).Springer ChamNatural Science Foundation of ChongqingChongqing Science and Technology CommissionFundamental Research Funds for the Central UniversitiesRepositorio Institucional de la Universitat Politècnica de València Riunet20262026-01-25journal articlehttp://purl.org/coar/resource_type/c_6501VoRhttp://purl.org/coar/version/c_970fb48d4fbd8a85info:eu-repo/semantics/articleapplication/pdfhttps://riunet.upv.es/handle/10251/233673reponame:RiuNet. Repositorio Institucional de la Universitat Politécnica de Valénciainstname:Universitat Politècnica de València (UPV)InglésengFundamental Research Funds for the Central Universities Fundamental Research Funds for the Central Universities 2024CDJSKXYJG09Chongqing Science and Technology Commission Chongqing Science and Technology Commission KJQN202504401Chongqing Science and Technology Commission Chongqing Science and Technology Commission 2025XJZX01Natural Science Foundation of Chongqing Natural Science Foundation of Chongqing 2025BS067open accesshttp://purl.org/coar/access_right/c_abf2Reconocimiento - No comercial - Sin obra derivada (by-nc-nd) http://creativecommons.org/licenses/by-nc-nd/4.0/info:eu-repo/semantics/openAccessoai:dnet:riunet______::2eba1a6fd0ac37f9ff05fb467b2a8e762026-06-13T07:49:27Z
dc.title.none.fl_str_mv Sustainable innovation cooperation for new energy vehicles under technological innovation risks and dual credit policy
title Sustainable innovation cooperation for new energy vehicles under technological innovation risks and dual credit policy
spellingShingle Sustainable innovation cooperation for new energy vehicles under technological innovation risks and dual credit policy
Ma, Miaomiao
Dual credit policy
Innovation risks
Innovation cooperation
New energy vehicles
Sustainable policy design
title_short Sustainable innovation cooperation for new energy vehicles under technological innovation risks and dual credit policy
title_full Sustainable innovation cooperation for new energy vehicles under technological innovation risks and dual credit policy
title_fullStr Sustainable innovation cooperation for new energy vehicles under technological innovation risks and dual credit policy
title_full_unstemmed Sustainable innovation cooperation for new energy vehicles under technological innovation risks and dual credit policy
title_sort Sustainable innovation cooperation for new energy vehicles under technological innovation risks and dual credit policy
dc.creator.none.fl_str_mv Ma, Miaomiao
Li, Yuyu
Zhou, Yishan
Huang, Bo
author Ma, Miaomiao
author_facet Ma, Miaomiao
Li, Yuyu
Zhou, Yishan
Huang, Bo
author_role author
author2 Li, Yuyu
Zhou, Yishan
Huang, Bo
author2_role author
author
author
dc.contributor.none.fl_str_mv Natural Science Foundation of Chongqing
Chongqing Science and Technology Commission
Fundamental Research Funds for the Central Universities
Repositorio Institucional de la Universitat Politècnica de València Riunet
dc.subject.none.fl_str_mv Dual credit policy
Innovation risks
Innovation cooperation
New energy vehicles
Sustainable policy design
topic Dual credit policy
Innovation risks
Innovation cooperation
New energy vehicles
Sustainable policy design
description [EN] The rapid growth of new energy vehicles (NEVs) provides a promising pathway to mitigate environmental degradation and alleviate energy shortages. To accelerate this transition, China has introduced the dual credit policy, a market-driven mechanism designed to incentivize technological innovation. However, most studies implicitly assume successful innovation outcomes, overlooking the substantial risk of innovation failure that characterizes NEV supply chains. This study develops decision-making models that incorporate innovation risk and examines three scenarios-no innovation, independent innovation, and cooperative innovation-to derive optimal innovation strategies and cooperation conditions. Results show that while the dual credit policy effectively promotes innovation, its incentive impact is significantly weakened when innovation risk is high. Cost-sharing mechanisms can alleviate this adverse effect, as the policy increases manufacturers' willingness to share innovation costs, thereby facilitates cooperative technological innovation. Moreover, higher credit prices or credit coefficients further expand the manufacturer's cost-sharing coefficients, enhancing the feasibility of sustained cooperation. These findings highlight that integrating innovation risk considerations into policy design, together with well-structured cost-sharing arrangements, offers a feasible pathway for advancing NEV innovation in line with global sustainability goals.
publishDate 2026
dc.date.none.fl_str_mv 2026
2026-01-25
dc.type.none.fl_str_mv journal article
http://purl.org/coar/resource_type/c_6501
VoR
http://purl.org/coar/version/c_970fb48d4fbd8a85
dc.type.openaire.fl_str_mv info:eu-repo/semantics/article
format article
dc.identifier.none.fl_str_mv https://riunet.upv.es/handle/10251/233673
url https://riunet.upv.es/handle/10251/233673
dc.language.none.fl_str_mv Inglés
eng
language_invalid_str_mv Inglés
language eng
dc.relation.none.fl_str_mv Fundamental Research Funds for the Central Universities Fundamental Research Funds for the Central Universities 2024CDJSKXYJG09
Chongqing Science and Technology Commission Chongqing Science and Technology Commission KJQN202504401
Chongqing Science and Technology Commission Chongqing Science and Technology Commission 2025XJZX01
Natural Science Foundation of Chongqing Natural Science Foundation of Chongqing 2025BS067
dc.rights.none.fl_str_mv open access
http://purl.org/coar/access_right/c_abf2
Reconocimiento - No comercial - Sin obra derivada (by-nc-nd)
http://creativecommons.org/licenses/by-nc-nd/4.0/
dc.rights.openaire.fl_str_mv info:eu-repo/semantics/openAccess
rights_invalid_str_mv open access
http://purl.org/coar/access_right/c_abf2
Reconocimiento - No comercial - Sin obra derivada (by-nc-nd)
http://creativecommons.org/licenses/by-nc-nd/4.0/
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Springer Cham
publisher.none.fl_str_mv Springer Cham
dc.source.none.fl_str_mv reponame:RiuNet. Repositorio Institucional de la Universitat Politécnica de Valéncia
instname:Universitat Politècnica de València (UPV)
instname_str Universitat Politècnica de València (UPV)
reponame_str RiuNet. Repositorio Institucional de la Universitat Politécnica de Valéncia
collection RiuNet. Repositorio Institucional de la Universitat Politécnica de Valéncia
repository.name.fl_str_mv
repository.mail.fl_str_mv
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