Carbon dioxide (CO2) and its mixture are potential alternative gases for arc extinguishing. During the arc decaying phase, the non-chemically equilibrium (non-CE) effect leads to the error of local thermal equilibrium (LTE) model in predicting the arc behavior. This paper is focused on the dynamic behavior of CO2 arc after current zero crossing. A non-CE numerical model is established. The decay process of temperature, energy and electric conductance between the LTE and non-CE models are compared from the aspect of macroscopic behaviors. The composition distribution, non-equilibrium parameter distribution and transport process of the particles are investigated based on the microscopic mechanism. The theoretical calculation results of this paper are compared with the experimental results in the literature and the model accuracy is verified.