AutoBeta(AutoBeta.net)04/01 Report--

On March 31, in order to promote automobile consumption, the executive meeting of the State Council identified three measures: first, to extend the subsidy for the purchase of new energy vehicles due at the end of the year and the policy of exemption from vehicle purchase tax for two years; and second, the central government adopted the method of replacing compensation with prizes to support the elimination of diesel trucks with national emission standards of three or less in key areas such as Beijing, Tianjin and Hebei. Third, second-hand car dealers will sell used cars, and value-added tax will be levied on sales reduced by 0.5% from May 1 to the end of 2023.

It is understood that China produced less than 300 new energy vehicles in 2009. In order to promote the development of new energy vehicles, the Chinese government began to provide financial subsidies to new energy vehicles in 2010. By 2015, China has become the world's largest market for new energy vehicles.

According to the ladder exit arrangement for new energy vehicles issued by the Ministry of Finance, the subsidy standard for new energy vehicles from 2017 to 2018 is planned to be 20% lower than that in 2016, 40% from 2019 to 2020, and will be fully withdrawn by 2020.

In the process of implementing the above plan, the sales of new energy vehicles in China began to decline continuously. As we all know, after the implementation of new energy subsidies in June last year, the sales of new energy vehicles in China began to decline sharply, resulting in a 4.0% decline in sales of new energy vehicles in 2019 compared with the same period last year. This is the first negative growth in sales of new energy vehicles in China since the promotion of new energy vehicles in a decade.

In the face of the full withdrawal of subsidies for new energy vehicles in 2020, new energy vehicle companies, especially the new forces of car construction, are worried. In the face of the approaching complete decline of new energy vehicle subsidies, the industry hopes to postpone the decline time of new energy vehicle subsidies. In February, the China Automobile Association also called on relevant departments to optimize and extend new energy subsidy policies, continue to extend subsidies, and strengthen financial subsidies. Miao Wei, minister of industry and information technology, has said publicly that the subsidy retreat policy for new energy vehicles in 2020 is being studied and may be delayed.

The reason why many parties have proposed to delay the overall decline in subsidies, in addition to the first decline in new energy vehicle sales last year, this year's situation is also special.

At the beginning of 2020, the intrusion of COVID-19, an "uninvited guest", led to an unprecedented decline in China's automobile production and sales. Sales of new energy vehicles from January to February were 59705, down 59.5 percent from the same period last year, including 12908 in February, down 75.2 percent from the same period last year. Since the decline of new energy subsidies for the eighth month.

For the current Chinese auto market, the introduction of these three policies is "timely rain", and it is even more "timely" for the new energy vehicle market. Of course, the subsidy for new energy vehicles has fallen to a lower level after several years of decline, and it is expected that there will not be a larger amount of subsidy. In fact, the key to the extension of the plan does not lie in the size of the subsidy, but in affecting the stable environment of the car market and boosting confidence in the development of new energy vehicles.

In response, he Xiaopeng, CEO of Xiaopeng car, posted on Weibo that "I believe this must be the biggest policy benefit recently, thanks to the government!" It just so happens that we think 2022 will be the beginning of the turning point for smart cars, seamlessly connected. " Tao Lin, vice president of foreign affairs of Tesla, also said on Weibo that she was "happy to run."

In view of the second item, the central government adopted the method of replacing compensation with awards to support the elimination of diesel trucks with national emission standards of three or less in key areas such as Beijing, Tianjin and Hebei. In fact, on March 30th, the General Office of the Beijing Municipal Government issued a circular on the Beijing Municipal Plan for further promoting the Phase-out and Renewal of High-emission Old Motor vehicles (2020-2021). It is proposed to focus on encouraging the city's third-class emission standard gasoline vehicles to speed up the phase-out and renewal, and the third-grade emission standard fuel vehicles scrapped or transferred out of Beijing on December 31 can enjoy subsidies.

As for the last VAT exemption policy for second-hand car dealers, industry insiders said that whether the VAT reduction is good for consumers to buy second-hand cars, the initiative lies with car dealers, and they do not rule out the possibility that in order to increase trading volume, some of the deductions will be granted to consumers in the form of concessions.

In the new policy released this time, Cui Dongshu, secretary general of the Federation of passengers, said that the core of these policies is to promote the upgrading of environmental protection and improve the environment, while effectively promoting the sustainable development of future automobile market consumption and promoting the upgrading of automobile consumption. especially to promote the sustainable development of new energy vehicles.

Welcome to subscribe to the WeChat public account "Automotive Industry Focus" to get the first-hand insider information on the automotive industry and talk about things in the automotive circle. Welcome to break the news! WeChat ID autoWechat