Government Subsidy Strategies for the New Energy Vehicle Power Battery Recycling Industry

The rapid development of the new energy vehicle industry is an essential part reducing CO2 emissions in transportation sector and achieving carbon peaking neutrality goals. This vigorous has generated many end-of-life power batteries that cannot be recycled reused, which brought serious consequences for environment. In order to solve negative externality problem by EoL batteries, how government intervenes market guides multiple parties cooperate recycling a question worthy deep consideration. this paper, we consider acts before companies consumers, consumers act again according policy. First, examine evolutionary game model absence explore their choice strategies various scenarios. Second, subsidies may change trend toward positive different circumstances. paper compares effects policies on companies, consumers. Finally, proposes policy suggestions from perspectives government, conclusion suggests does not guarantee high return both without subsidies. It difficult recyclers proactively batteries. Thus, it found can maximize social welfare at lowest cost. Even though are currently targeted they should gradually extended as develops.