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As the subsidy recedes, the competitiveness of new energy passenger car enterprise will decline. The policy tools at corporate average fuel consumption credit regulation level only have a negative interactive effect on hybrid energy passenger car enterprise\u2019s pricing and production strategy. There is a threshold for the difference between corporate average fuel consumption up-to-standard value and actual value, below which hybrid energy passenger car enterprise will produce more new energy passenger cars than internal combustion engine passenger cars. The tightening of policy tools at new energy credit regulation level will drive both enterprises to raise price and reduce yield.<\/jats:p>","DOI":"10.1051\/ro\/2023012","type":"journal-article","created":{"date-parts":[[2023,2,7]],"date-time":"2023-02-07T08:18:51Z","timestamp":1675757931000},"page":"649-675","source":"Crossref","is-referenced-by-count":2,"title":["Impact of subsidy phase-out and credit trading policy tools on the competitive strategies of Chinese passenger car enterprises"],"prefix":"10.1051","volume":"57","author":[{"given":"Bing","family":"Sun","sequence":"first","affiliation":[]},{"given":"Xue-ting","family":"Yang","sequence":"additional","affiliation":[]},{"given":"Shen","family":"Zhong","sequence":"additional","affiliation":[]},{"given":"Min","family":"Kang","sequence":"additional","affiliation":[]},{"given":"Tian","family":"Liang","sequence":"additional","affiliation":[]}],"member":"250","published-online":{"date-parts":[[2023,4,10]]},"reference":[{"key":"R1","doi-asserted-by":"crossref","first-page":"423","DOI":"10.1016\/j.technovation.2008.10.001","volume":"29","author":"Van de Vrande","year":"2009","journal-title":"it Technovation"},{"key":"R2","unstructured":"Schumpeter J.A., The theory of economic development. 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