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Nonetheless, we cannot simply believe the assertion that NEVs subsidy has positive environmental benefits to each region, as the non-clean generation of electricity in some areas will offset the potential environmental benefits. Additionally, the accelerated phase-out of NEVs subsidies at this stage may cause negative externalities of economy and environment, resulting the deadweight loss of industrial dividends accumulated in the early period. Based on above findings, governments should implement more flexible stimulus policies consiste
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