A Mechanism of Financial Support for the Development of Electric Vehicle Industry

Weixuan HU1,2, Qiang ZHANG1

1School of Economics, Wuhan University of Technology, 122 Luoshi Road,Wuhan,Hubei, P.R. CHINA

2Wuhan Technical College of Communications, 6 Baishazhou Avenue, Wuhan, Hubei, P.R. CHINA

Abstract: The electric vehicle industry was selected to be one of the most important industries in "the State Council on accelerating the cultivation and development of strategic emerging industries" in the year of 2010

in China. Based on the characteristics of the electric vehicle industry and the structures and functions of the electric vehicle industry financial support, this paper made the systematic interpretation of the general mechanism of financial support and the development of electric vehicles, and illustrated how financial support bodiessuitthe development of the electric vehicle industry. Lastly, the theoretical model of financial support to electric vehicle industry was set.

Keywords: Financial Support; Electric Vehicle Industry; the Theoretical Model of Financial Support to Electric Vehicle Industry