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The list of subsidies for new energy vehicles was officially released today to see which car companies receive the most subsidies. The Ministry of Industry and Information Technology issued a notice on the liquidation and examination of subsidy funds for the promotion and application of new energy vehicles in 2017. more than 200000 new energy vehicles applied for subsidies, involving 22.027 billion yuan in subsidy funds. Yutong Motors and BYD "got soft hands" when they got the subsidies. According to public information, a total of 236881 new energy vehicles have declared subsidies, of which 29472 vehicles do not meet the subsidy requirements, so a total of 207409 models finally received subsidies, accumulating liquidation subsidies.
Before the announcement of the retrograde policy on new energy subsidies, the website of the Ministry of Industry and Information Technology released the latest issue of the "Public announcement on the preliminary Review of subsidy funds for the Promotion and Application of New Energy vehicles in 2016 and previous years" to liquidate the subsidies for new energy vehicles before 2016. this shows that nearly 100 car companies will share the central subsidy of 12.6 billion, of which BYD takes more than 1/5. Coupled with the subsidies that have been issued before, the amount of subsidies granted by the central government to new energy vehicles has reached nearly 100 billion yuan. The Ministry of Industry and Information Technology has announced a total of six batches of new energy vehicle subsidy list, in this (sixth batch) subsidy publicity, mainly for 2016 and before.
China's new energy industry has developed rapidly through large subsidies, license restrictions and other measures. China sold 1.25 million new energy vehicles in 2018, while global sales were 2 million, accounting for more than half of global sales again, reaching 62.5 per cent. However, after the official announcement of the new energy subsidy policy in 2019, the decline of more than 50% has once again dealt a heavy blow to China's new energy industry, and many analysts say that without subsidies, the industry will usher in a wave of reshuffle and closure. At present, a number of car companies have taken measures not to raise prices for the time being, in order to maintain market competition and sales. In response to the fact that subsidies have been greatly reduced, several electric companies.
The list of subsidies for new energy vehicles was officially released today to see which car companies receive the most subsidies. The Ministry of Industry and Information Technology issued a public notice on the liquidation and examination of subsidy funds for the promotion and application of new energy vehicles in 2017. about 400000 New year energy vehicles were subsidized by enterprises, involving 13.696 billion of the subsidy funds. BYD is still the big winner of this subsidy.
Chengdu Finance Bureau issued a notice on the rules for the implementation of municipal subsidies for new energy vehicles in Chengdu. The contents are as follows: consumers who purchase new energy vehicles (except second-hand cars) in Chengdu and register with the city's public security vehicle management department will receive additional municipal subsidies on the basis of central financial subsidies, the amount of subsidy is 50% of the central financial bicycle subsidy. The subsidy in the notice refers to the new energy vehicles that comply with the relevant regulations and are included in the catalogue of recommended models for the promotion and application of new energy vehicles issued by the Ministry of Industry and Information Technology, and have enjoyed central financial subsidies, including pure electric vehicles, plug-in hybrids (including incremental programs).
Within these two days, the Office of the Guangzhou New Energy Development leading Group issued the Circular on the Local Financial subsidy Standard for the purchase of New Energy vehicles in 2019 and 2020. The notice defines the local financial subsidy standards for the purchase of new energy vehicles in Guangzhou in 2019 and 2020. According to the notice, Guangzhou will provide phased subsidies for the purchase of new energy vehicles. During the period from January 1 to June 25, 2019, after obtaining the state subsidy, fuel cell vehicles are subsidized by a proportion that does not exceed 1:1 of the state subsidy, and pure electric vehicles are subsidized by a proportion that does not exceed the state subsidy of 10.5.
In order to promote the development of the automobile industry, China formally implemented the New Policy of 2019 New Energy subsidies in June this year. After the implementation of the New Policy, the local subsidies for new energy vehicles basically ended, while the state subsidies for the new energy industry also shrunk to less than half of the original. Now, a month later, some car companies have to increase prices and reduce the allocation of some models due to the operating pressure brought about by subsidies. The price increase is due to helplessness. It is understood that 4S stores such as BYD, BAIC New Energy and Jianghuai New Energy have recently said that the prices of their new energy models will rise in the near future. For the price increase of new energy vehicles, Chen Shihua, assistant secretary-general of China Automobile Industry Association.
Affected by COVID-19 's epidemic, China's auto market has been in the doldrums since the New year. In order to promote automobile consumption, the State Council identified three latest stimulus measures at its executive meeting on March 31, including the extension of subsidies for the purchase of new energy vehicles and exemption from purchase tax for two years. However, less than two days after the new policy was introduced, Bloomberg posted that China was considering reducing subsidies to car buyers.
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 further this year. At the China Electric vehicle 100 Forum on January 11, Miao Wei, minister of industry and information technology, responded to the issue of subsidies for new energy vehicles: "on July 1 this year, the subsidies will not go downhill again." 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. ...
The new subsidy policy for new energy vehicles has been officially announced, and the four ministries and commissions of the country have jointly issued the Circular on further improving the Financial subsidy Policy for the Promotion and Application of New Energy vehicles, confirming that the subsidy retreat is certain. For us consumers, the most intuitive thing is that the prices of new energy vehicles will rise collectively, especially those in limited cities have to accept the fact that they pay more. The new subsidy policy for new energy vehicles has the following specific changes: 1. The battery life requirement of the electric car subsidy is increased, only the electric car with a range of more than 250 km can get the subsidy, the model below 250 km cancels all subsidies, and the subsidy is also divided into gears.
On September 11, at the top summit of China's automobile industry leaders, Cao Dewang, the glass king, expressed his views on the future development of the automobile industry. At the summit, Cao Dewang said that he is very concerned about the development of new energy vehicles and believes that the field of new energy vehicles is the driving force for future development, and it will be very difficult for enterprises to really do it at that time, because new energy vehicles are rich people like Xu Jiayin. Or capital bosses can do it, while other enterprises that rely on state subsidies cannot survive. In other words, the future development of new energy vehicles should not rely on government subsidies, enterprises should also have their own vitality, if each.
With the sharp reduction in subsidies, sales of new energy vehicles have declined for three months in a row, which is in great contrast to the rapid growth in the same period last year. New energy narrow passenger car sales in September were 61000, down 34.8 per cent from a year earlier and 4.2 per cent month-on-month, according to the Federation of passengers. In a rare occurrence, sales of new energy vehicles declined for three months in a row, including a year-on-year decline of 3.8% in July and 21.7% in August, showing a trend of increasing monthly decline, and the monthly decline also far exceeded that of the overall passenger car market. The sales of new energy vehicles continued to decline, mainly affected by the decline in market demand and the sharp decline in subsidies. Since 6.
BAIC New Energy sales released in May, May sales of 9009 units, down 50% year-on-year; the previous May cumulative sales reached 39087 units, down 19.83% year-on-year, the overall situation is not very optimistic. It is worth noting that there has been a huge difference in BAIC's new energy production and sales since the beginning of this year. Cumulative production in the first five months was only 5236, down 86.6% from a year earlier, meaning BAIC New Energy spent the first half of the year clearing the backlog of cars. In fact, affected by market demand and the decline of state subsidies, the growth rate of new energy vehicle sales has slowed down. In April this year, the production and marketing of domestic new energy vehicles completed 102000 respectively.
In Beijing, starting from June 26, local government subsidies for new energy vehicles will be officially abolished, while the national subsidy standard will be reduced by more than 50%, and the overall subsidy will decline by more than 50%. With the formal end of the transition period of financial subsidies for new energy vehicles, the decline of new energy subsidies makes many car companies have survival anxiety. On June 25th, BYD officially announced that the prices of all its EV models on sale would remain unchanged after the 2018 subsidy and would not change with the adjustment of subsidy-related policies. Its models on sale can still enjoy a maximum subsidy of 99000. In terms of the details of the insurance policy, BYD officially announced that not only.
A few days ago, BAIC Blue Valley New Energy announced that the company received 500 million new energy financial subsidies. According to accounting, BAIC New Energy has received more than 670 million yuan in industrial support funds this year. On August 31, BAIC Langu New Energy received the notice of the Finance Bureau of Beijing Economic and technological Development Zone on the allocation of industrial support funds to BAIC Langu New Energy Technology Co., Ltd., and the new energy vehicle industry support fund of RMB 500 million. The announcement said that the impact of the above government subsidies on the company's total profits in 2019 is expected to be 500 million yuan. In July September 2019, BAIC New Energy announced that it was a subsidiary.
In July and September, BAIC New Energy announced that the company had received a total of 30 million yuan from the Huanghua municipal government to support the new energy vehicle industry, which BAIC included in its total profits in 2019. In fact, the Hebei Huanghua municipal government also allocated 20 million yuan in industrial support funds to BAIC New Energy in January this year, so the total support funds reached 50 million yuan. In addition, in January, the Finance Bureau of the Beijing Economic and technological Development Zone also allocated 350 million yuan in industrial support funds to BAIC New Energy. The funding for industrial support has reached 400 million yuan this year. With regard to subsidies for new energy vehicles, BAIC New Energy has won the central new energy this year.
In today's new energy vehicle market, how to solve the mileage is a key problem encountered today. the mileage of many new energy vehicles is about 300 kilometers. For car owners, finding charging piles in small and medium-sized cities has become a headache. 300 km mileage is still difficult to solve daily travel, while cars with a range of less than 300 km have to face the dilemma of frequent charging. The subsidy retreat of new energy vehicle policy has a far-reaching impact on the mileage of new energy vehicles. "notice of Financial subsidy for the Promotion and Application of New Energy vehicles" is a sign that new energy vehicles are facing financial subsidy decline, three months before the implementation of this measure.
While the government is vigorously promoting the development of new energy vehicles, subsidies for new energy vehicles have become the concern of many automobile companies. After all, "huge" subsidies play a positive role in the development of automobile enterprises. A few days ago, a number of media released a video about the "empty run" of new energy vehicles, and officials also responded.
New energy vehicles have always been a key project of the country, but in addition to the national level, local governments are also accelerating the preferential treatment of new energy vehicles, especially after the epidemic, the government plays an important role in the development of new energy vehicles. Recently, Hainan Province issued a new policy on subsidies for new energy vehicles. On May 20, the Hainan Provincial Department of Industry and Information Technology, the Department of Finance, and the Public Security Department issued a notice on the implementation of the temporary policy of promoting consumption of new energy vehicles in Hainan Province. The notice pointed out that in order to encourage the consumption of new energy vehicles in the province, consumers who buy new energy vehicles will be rewarded.
As we all know, the domestic new energy subsidy policy will decline sharply this year, but the specific policy has not yet been announced. It is said that the state subsidy will decline and the land subsidy will be cancelled until 2021. This measure not only makes enterprises that rely on subsidies lose their support, and many domestic electric cars have to implement price increases or other remedial measures as the subsidies retreat, how to implement "changing lanes to overtake"? With regard to the plan to withdraw subsidies in the future, Chen Hong, chairman of SAIC Group, said that China's new energy vehicles are still mainly policy-driven, and the market driving force is not strong enough. After the purchase subsidy is cancelled by 2020, if there is no other policy to follow up.
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