Law and Policy on the Development and Promotion of the New Energy Vehicle (NEV) Market in China

China's commitment towards becoming more innovative and environmentally-friendly, has led to the implementation of a myriad of policies to fulfill future development plans; which has subsequently allowed the New Energy Vehicle (NEV) market to thrive. The NEV market has benefitted from policies which incentivize and prioritize industries in the field of innovation and environmental technology, in addition to policies providing generous subsidies specifically towards the manufacturing and sales of NEVs. As China's NEV market continues to grow at a rapid pace, this paper will analyze the significance played by policies implemented at various government levels, towards facilitating the development and promotion.