To conduct policy characteristics analysis, we analysed 188 policy texts on China's power battery industry issued on a national level from 1999 to 2020. We adopted a product life cycle perspective that combined four dimensions: policy quantity, policy publishing department (s), policy content and policy tools.
Because of their large number, policies for the power battery industry have become complicated. If policy elements are not reasonably designed and configured, certain negative effects might hamper the development of the power battery industry, leading to missed opportunities to guide and regulate the industry.
Power batteries are the core of new energy vehicles, especially pure electric vehicles. Owing to the rapid development of the new energy vehicle industry in recent years, the power battery industry has also grown at a fast pace (Andwari et al., 2017).
The development of the battery industry is crucial to the development of the whole NEV industry, and many countries have listed battery technologies as key targets for support at a national strategic level, which means that the NEV battery industry as a new industry has stepped on the stage of the development of this era. .
In recent years, the explosive development of NEVs has led to increasing demand for NEV batteries, which has led to the rapid development of the NEV battery industry, resulting in increasing prices of raw materials manufactured and sold by raw material manufacturers, i.e., the upstream battery industry.
When the government formulates policies, the topic of a single policy should be concise and clear, and those of different policies should be varied so that the topics of power battery policy can be diversified. In addition, redundant policies should be deleted to maintain the authority of policies.
Should power batteries be recycled?
With the rapid increase in the use of new energy vehicles, many power batteries that should be recycled have been scrapped, and improvements in the greenness of power batteries at the R&D stage will positively affect the recovery of power batteries (Zhu & Li, 2020).