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).
There are two types of key factors affecting the recycling of new energy vehicle batteries. One is external factors, such as government policies, industry regulations, market environment, etc., which together constitute the external framework of new energy vehicle battery recycling.
On the other hand, it is possible to reduce the production cost of batteries by giving some tax incentives to battery manufacturers or manufacturers of core components of the battery industry based on overall considerations of their production quality, sales performance, innovation ability, customer satisfaction, and other aspects.
At the same time, it is necessary to fully consider the characteristics and attributes of each stage in the life cycle of the power battery industry and to strengthen the connection between each stage to promote the healthy development of the industry. Maintain policy continuity after setting policy objectives.
The effect of altruistic preference on new energy vehicle battery recycling is nonlinear, which makes the altruistic preference of new energy vehicle manufacturers and new energy vehicle retailers better exert its positive effect on new energy vehicle battery recycling only when they are in the moderate range.
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.