Economic Analysis on Experiences of Western Auto Industry to Hubei’s Low Carbon Auto Development in.docVIP

Economic Analysis on Experiences of Western Auto Industry to Hubei’s Low Carbon Auto Development in 　　[a] Vice professor， Ph. d of economics； International Trade School of Hubei University of Economics， Wuhan， Hubei， China. 　　* Corresponding author. 　　Supported by the 2013 Humanities Social Sciences fund of Hubei Provincial Department of Education “Policies comparison of Hubei’s Saving and new energy auto development in the Post-crisis era”（13y067） headed by Wu Wenjing. It also belongs to the 2012 Humanities Social Sciences fund of Hubei Provincial Department of Education ”Strategy studies of the Saving and new energy auto industry under the low carbon economy”（2012G102） headed by Ye Nan. 　　Received 19 June 2013； accepted 17 August 2013. 　　Abstract 　　It is expected that by 2020， the saving and new energy car production in Hubei will reach 600 thousand， the predicted sales will reach 500 thousand. As one of the three major automobile bases in China， Green cars， long popular in European countries such as Belgium， has therefore become a key for both the revival and the low carbon development of Hubei’s auto industry. Analyzing the green car development in Europe and the history of the US auto’s once prosperity， its gradual decline and the latest green development， the paper holds the view that， in the Post Financial Crisis Era， the biggest opportunity for Hubei’s auto industry lies in the low carbon development. 　　Key words： Saving and new energy vehicles； US auto financing； Belgian “green” car plastics； Hubei low carbon development； Post crisis era 　　INTRODUCTION 　　China’s auto industry with its big potential has historically surpassed US in car sales and become the world’s No.1 car sale and producing economy since 2009. Meanwhile， the US automobile has been under complete depression. This paper analyzes， from economic point of view， how Hubei， as one of the three major automobile bases in China， benefits from both the US auto’s past failure and the Eur