The impact of electric vehicle penetration: A recursive dynamic CGE analysis of China

China is now the largest oil importer in the world. In 2018, the external oil dependence of China exceeded 70%. Restrain the oil consumption is important for China's energy security and environmental protection. The electric vehicle is considered to be the main method to solve these problems. This paper adopts a logistic model to depict the growth path of vehicle ownership. Base on the empirical results, a recursive computable general...