International Journal of Research Studies in Management
CollabWritive Special Issue
2023 Volume 11 Issue 13
Available Online: 31 December 2023
Author/s:
Liu, Dujuan
Graduate School, Lyceum of the Philippines University – Batangas, Philippines
Abstract:
The Industrial Revolution’s rapid industrialization and economic growth had a profound ecological impact, leading to environmental issues, including global warming and pollution. Recognizing the significance of addressing these challenges, nations are vigorously developing low-carbon industries, notably the new energy vehicle sector, aiming to foster sustainable growth. In China, a pivotal player in this sphere, fostering innovation in this industry becomes imperative for it to compete on a global scale and ensure sustainable development. However, technological innovation, a critical component, requires an integrated approach considering technological, organizational, and societal aspects. This study examines the establishment of an innovation system in the new energy vehicle industry in Shaanxi Province, emphasizing green supply chain management and government support. Through a comprehensive assessment, the study reveals the industry’s developmental hurdles and proposes a framework for balanced progress, considering social and environmental sustainability. Recommendations focus on enhancing the innovation system through improved technology development and leveraging government research and development incentives. Additionally, advocating for greener production and marketing strategies to advance green supply chain management within enterprises is suggested. Leveraging government marketing subsidies can ease the cost burden on consumers, fostering the adoption of new energy vehicles. The study proposes a sustainable development framework adaptable to other automotive sectors, aiming to guide sustainable practices and urges future research to explore market dynamics and sustainability drivers further.
Keywords: industrial revolution, new energy vehicles, innovation system, green supply chain management, sustainable development
DOI: https://doi.org/10.5861/ijrsm.2023.1162
Cite this article:
Liu, D. (2023). Innovation system, supply chain management and government subsidies: basis for sustainable development framework for energy vehicle industry. International Journal of Research Studies in Management, 11(13), 21-48. https://doi.org/10.5861/ijrsm.2023.1162