Optimal wholesale price and technological innovation under dual credit policy on carbon emission reduction in a supply chain

The adoption of new energy vehicles (NEVs) can effectively reduce vehicle exhaust emissions and achieve carbon peaking and carbon neutrality goals in the transportation sector. To facilitate the development of NEVs, the Chinese government issued the dual credit policy (DCP). However, whether the DCP can promote the technological innovation of NEVs and effectively reduce carbon emissions in the transportation sector remains to be studied. This study constructed the decision-making model of NEVs under the DCP and obtained the optimal strategy to study the impact of the DCP on carbon emissions. Furthermore, we constructed a bargaining game model based on an alliance strategy to demonstrate the coordination of the NEV supply chain. The results showed that implementing the DCP can effectively reduce carbon emissions in the transportation field. The higher the technological innovation credit coefficient or credit price, the more significant the DCP’s incentive effect on reducing carbon emissions. Decentralized decision-making weakens the DCP’s incentive effect on reducing carbon emissions. The bargaining game based on alliance negotiation can enable independent companies to achieve carbon emission reduction when making centralized decisions so that the DCP’s incentive effect on reducing carbon emissions is optimized. The alliance between manufacturers is not to increase profits but to enhance their product advantages. However, suppliers can gain higher profits by participating in the alliance, which provides a theoretical reference for the alliance’s cooperation in decision-making.