Proceedings of the 2025 International Conference on Hybrid Commerce, Human Capital, and Economic Dynamics (ICHCH 2025)

<Previous Article In Volume
Next Article In Volume>

The Relationship Between ESG Ratings and Government Subsidy Efficiency in New Energy Vehicle Enterprises

Authors
Haoyang Sun1, *
1Sustainable Finance, University of Waterloo, 200 University Avenue West, Waterloo, ON, N2L 3G1, Canada
*Corresponding author. Email: i3sun@uwaterloo.ca
Corresponding Author
Haoyang Sun
Available Online 18 June 2026.
DOI
10.2991/978-2-38476-585-0_52How to use a DOI?
Keywords
ESG; Renewable Energy; New Energy Vehicle; Policies; Development
Abstract

As the urgency to fight against climate change has increased worldwide, the new energy vehicle (NEV) industry has emerged as a leading force to push for energy transition. With carbon neutrality goals being set in many countries globally, ESG (Environmental, Social, and Governance) metrics are slowly taking over as some of the key metrics for corporate investment decisions. This study focuses on the interaction between government subsidies and ESG metric performances of different NEV enterprises. Addressing the differences in subsidies and policy differences across countries, this study selects three leading NEV manufacturers, Tesla (USA), BYD (China), and Volkswagen (Germany), as research samples. While using public data and credible secondary data, including ESG reports and government subsidy reports (2019-2023), this study combines case research and quantitative analysis. By using the Sustainalytics framework to standardize cross-country ESG data, the system calculates the performance between ESG scores and government subsidies. The research findings will provide data and evidence for governments to optimize subsidizing policies while uncovering the dynamic impact of auto company’s different ESG strategies on their policy responsiveness.

Copyright
© 2026 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Download article (PDF)

<Previous Article In Volume
Next Article In Volume>
Volume Title
Proceedings of the 2025 International Conference on Hybrid Commerce, Human Capital, and Economic Dynamics (ICHCH 2025)
Series
Advances in Economics, Business and Management Research
Publication Date
18 June 2026
ISBN
978-2-38476-585-0
ISSN
2352-5428
DOI
10.2991/978-2-38476-585-0_52How to use a DOI?
Copyright
© 2026 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Haoyang Sun
PY  - 2026
DA  - 2026/06/18
TI  - The Relationship Between ESG Ratings and Government Subsidy Efficiency in New Energy Vehicle Enterprises
BT  - Proceedings of the 2025 International Conference on Hybrid Commerce, Human Capital, and Economic Dynamics (ICHCH 2025)
PB  - Atlantis Press
SP  - 458
EP  - 468
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-2-38476-585-0_52
DO  - 10.2991/978-2-38476-585-0_52
ID  - Sun2026
ER  -