COVID-19 shock, fiscal subsidies, and consumption resilience of new energy vehicles: evidence from Shanghai, China

Environmental Sciences Europe

Table 1 Qualitative description of variables

Variables	Symbols	Metric or description	Unit
Dependent variables	lnsales	Logarithm of monthly sales of vehicle series	Car
Core independent variable	Policy	The variable is 1 if a new energy vehicle model receives the fiscal subsidy and 0 otherwise	None
Control variables	Price	Price of vehicle series	Yuan
	Range	Driving range of each type of NEVs	km
	Engine	The variable is 1 if the engine of the NEV is naturally aspirated, and 0 if it is turbo charged	None
	Brand	The variable equals 1 if the NEV is a luxury brand, and 0 otherwise	None
	Typecar	typecar = 1 if the NEV is an MPV or sports car, 2 if it is an SUV, 3 if it is a sedan	None
	Fuel	The variable is 1 for a PEV, 2 for an AEV, 3 for a PHEV	None
	Firm	The variable is 1 for a joint venture car, 2 for an imported car, 3 for a wholly foreign-owned car, and 4 for an independent car	None
	Drive	The variable equals 1 for FWD, 2 for RWD, 3 for AWD and 4 for other drive systems	None

For all four variables, Typecar, Fuel, Firm, and Drive we transformed to the form of dummy variables in the empirical evidence