Research on Industrial Support of Green Finance Development for Automobile Industry

DOI: https://doi.org/10.62517/jbm.202409406

Author(s)

Ning Zhang1, Ting Chen2,*

Affiliation(s)

1GAC-SOFINCO Automobile Finance Co.,LTD, Guangzhou, Guangdong, China 2Guangzhou Chronicle Information Technology Co., Ltd, Guangzhou, Guangdong, China

Abstract

The development of the new energy vehicle industry is likely to become one of the future trends in the automotive industry. The development of the new energy vehicle industry can effectively alleviate energy pressure, reduce environmental burdens, promote industrial upgrading and structural transformation, and also affect the enhancement of the international competitiveness of the automotive industry. Capital is one of the key factors in promoting the development of the new energy vehicle industry, and the support of financial capital is crucial for the development of the new energy vehicle industry. Currently, China's green financial system is under construction, and efforts should be made to vigorously develop green finance, support the development of the new energy industry, guide the transformation of energy production and consumption methods, and promote the development of the country's ecological civilization. Based on reviewing the literature related to green finance and industrial development, this article analyzes the current status of green finance supporting the development of the new energy vehicle industry, and proposes three mechanisms for green finance to support the development of the new energy vehicle industry: policy guidance mechanism, financing security mechanism, and scientific research innovation mechanism.

Keywords

Green Finance; New Energy Vehicles; Financial Support

References

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