The Impact of the Digital Economy on New Energy Vehicle Export Trade: Evidence from China

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Abstract

In the digital economy era, artificial intelligence, big data, and 5G are widely applied across various industries. The deep integration of digitalization and traditional sectors has been facilitated by this trend, which has injected new momentum into industrial development. In this context, this paper employs panel data from 29 Chinese provinces that span the years 2017 to 2023. This paper transcends the constraints of current research by integrating the digital economy with the export of new energy vehicles. Furthermore, this paper provides a regional analysis of this impact, thereby contributing to the existing literature. The following are the conclusions: (1) The export of new energy vehicles is substantially stimulated by the development of the digital economy. (2) Exports are indirectly facilitated by the digital economy, which promotes technological innovation and financial services. (3) The digital economy shows a significantly greater impact on the export of new energy vehicles in the eastern and inland areas than in other regions. Based on these discoveries, the paper suggests four critical policy recommendations: expanded openness, technological innovation, intelligent digital marketing, and government support. The objective is to foster the sustainable growth of China’s new energy vehicle export trade. This paper offers theoretical support for the sustainability of Chinese enterprises’ competitiveness in the international market. It also provides policymakers and industry stakeholders with practical advice.

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