AutoBeta(AutoBeta.net)01/11 Report--

The decline of subsidies has led to a sharp decline in sales of new energy vehicles. 2020 is the time when subsidies were completely withdrawn from the original plan, but the plan has changed. Miao Wei, minister of industry and information technology, made it clear that subsidies for new energy vehicles will not decline significantly this year.

At the China Electric vehicle 100 Forum on January 11, many companies asked whether the financial subsidies would decline as they did last year around July 1 this year, and whether they would withdraw completely by the end of the year. In response to the common concern of this enterprise, Minister Miao Wei responded at the meeting that in order to stabilize market expectations and ensure the healthy and sustainable development of the industry, this year's subsidy policy for new energy vehicles will remain relatively stable and will not decline substantially. It is hoped that industry enterprises will strengthen their confidence in development, increase innovation, improve product quality, strengthen market development, and jointly promote the high-quality development of China's new energy vehicle industry.

Miao Wei also said that due to macroeconomic pressure, the switching of emission standards between the five countries and six countries, subsidies and other related support policies in 2019, China's production and sales of new energy vehicles began to decline in July 2019. But for the whole year, sales of new energy vehicles still exceeded 1.206 million in 2019. In terms of trend, the sales performance in November and December 2019 has returned to the average level before the decline, which indicates that the negative impact of policy decline is gradually recovering.

He believes that the development of new energy vehicles has not changed for a long time, and will continue to adhere to the strategy of developing new energy vehicles.

Dong Yang, former executive vice president of the China Association of Automobile Manufacturers, believes that the main reason for the significant decline in sales of new energy vehicles in China in the second half of 2019 is the decline of government subsidies. "in the past, the annual subsidy for new energy was reduced by about 20%, but last year it was reduced by 75%. From the point of view of enterprises, this decline is already below the gross profit margin of enterprises." Dong Yang said that if the slope is too large, the gross profit margin of the enterprise will be reduced and production will begin to contract, and this phenomenon will continue for about two years.

"policies promote the market, and the market promotes technology. If the market does not promote technology, then we are swimming naked; if the market promotes the development of technology, we are not. Since 2009, marketization has greatly promoted the development of new energy technologies. " Dong Yang believes that China's electric vehicles have achieved very good results, and the most important thing for 2020 is that the government should 'stabilize the policy' and decide what should be decided before the automobile industry can develop.

It means that the subsidy policy of the second half of 2019 will continue for most of 2020. Take domestic Tesla Model 3 as an example, the official guiding price is 323800 yuan, and the national subsidy for new energy reaches 24750 yuan, so the final price is 299050 yuan.

At present, most new energy car companies are unable to get rid of operating losses, and subsidies continue their biggest life renewal policy.

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