AutoBeta(AutoBeta.net)04/23 Report--

On April 23, the Ministry of Finance, the Ministry of Industry and Information Technology, the Ministry of Science and Technology and the National Development and Reform Commission issued a notice on improving the financial subsidy policy for the promotion and application of new energy vehicles. The notice proposes to extend the implementation period of the financial subsidy policy for the promotion and application of new energy vehicles to the end of 2022. In principle, the subsidy standard from 2020 to 2022 shall be 10%,20% and 30% respectively on the basis of the previous year.

From 2020 onwards, the number of vehicles declared for liquidation by new energy passenger vehicles and commercial vehicles shall reach 10000 and 1000 respectively; after the subsidy policy ends, final liquidation will be arranged for enterprises that fail to meet the requirements for the number of liquidation vehicles. The pre-subsidy price of new energy passenger vehicles shall be less than 300,000 yuan (including 300,000 yuan). In order to encourage the development of new business model of "electricity exchange" and accelerate the promotion of new energy vehicles, vehicles with "electricity exchange mode" shall not be subject to this regulation.

Ideal car CEO Li wants to send a microblog, saying that "the threshold of 300,000 is estimated to be designed to limit Tesla, but it gives Tesla the reason and necessity to cut prices. The standard version can pull the price to 300,000 and subsidize more than 270,000." In the end, subsidies will also be given to Tesla, and the price drop will hit domestic cars with a price of 200,000 - 400,000 yuan."

On January 3, Tesla lowered the price of the upgraded Model 3 from 355,800 yuan to 323,800 yuan. As the price exceeds 300,000 yuan, the domestic Model 3 will no longer be the object of subsidies for new energy vehicles. However, with the localization of Tesla's supply chain, further price cuts are likely in the future, and the final price is expected to be less than 300,000 yuan. But can Tesla wait?

It is understood that the Notice will be implemented from April 23, with a transition period from April 23 to July 22. As soon as the new policies of the four ministries come out, whether Tesla will cut prices will become the focus again. If Tesla reduces the price of Model 3 to less than 300,000 yuan, it will also meet the subsidy requirements. At that time, Tesla after subsidy will cause a huge blow to domestic new energy vehicles.

The new energy vehicles adopting the "electricity exchange mode" will be "pardoned", and the automobile enterprises such as NIO Automobile and Beiqi New Energy will have no concerns for the time being. Because the automobile enterprises adopting the "electricity exchange mode" need to arrange a large number of charging piles, it is also difficult to realize the "electricity exchange" in a short period of time for the new energy vehicles that cannot "exchange electricity" even if the "electricity exchange version" model is launched immediately.

In addition, the Notice also proposes that the central government will reward the demonstration cities in the form of "awards instead of subsidies" for the current purchase subsidies for fuel cell vehicles, and strive to establish a hydrogen energy and fuel cell automobile industry chain in about 4 years.

Prior to this, relevant departments have put forward relevant policies and suggestions to stabilize and expand automobile consumption, including subsidies for the purchase of new energy vehicles and the extension of the purchase tax exemption policy for another two years; The central finance adopts awards instead of subsidies to support the elimination of diesel trucks with emission standards of National III and below in key areas such as Beijing, Tianjin and Hebei; For the sales of used cars by second-hand car dealers, VAT will be levied at 0.5% of sales volume from May 1 to the end of 2023.

The automobile industry is an important pillar of the national economy. Due to the long upstream and downstream industrial chain of automobiles and wide coverage, it is also greatly affected by the epidemic situation. China Automobile Association data show that China's first quarter of the car for 3.672 million, Year-on-year decline of 42.4%. Among them, the sales volume of new energy vehicles was 114,000, down 56.4% year-on-year. At present, Guangzhou, Foshan, Ningbo, Nanchang, Shenzhen, Hangzhou and other places have also issued specific measures to stimulate automobile consumption. With the gradual release of suppressed consumer demand during the epidemic and the implementation of policies to stabilize and expand automobile consumption, the depressed form of automobile sales is expected to recover.

The full text of the notification is attached:

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