Key points:
Under the double carbon background, the national development and Reform Commission took the lead in proposing to promote “green consumption”
On January 21, 2022, the national development and Reform Commission and other departments issued the implementation plan for promoting green consumption. The plan is clear that the so-called “green consumption” refers to “the consumption behavior of various consumption subjects implementing the concept of green and low carbon in the whole process of consumption activities”. The plan focuses on eight key areas such as clothing, food, housing and transportation to promote the transformation of green consumption, and the plan puts forward 14 measures in three aspects to ensure the transformation of green consumption.
We understand that “green consumption” has two connotations: first, advocate economy, consume reasonably and moderately according to actual needs, and oppose extravagance, waste and excessive consumption; Second, advocate the consumption of low-carbon and environmentally friendly green products. Consumption and production are one and two sides. Promoting green consumption is to promote production transformation through consumption transformation, which helps to eliminate low-end excess capacity, optimize and adjust industrial structure, and promote the development of green industry. As pointed out in the plan, “promoting green consumption is a profound change in the consumption field, which plays an important role and is of great significance in implementing the new development concept, building a new development pattern, promoting high-quality development and realizing the goal of carbon peak and carbon neutralization”.
Green consumption transformation helps the development of new energy vehicle industry
About new energy vehicles, The plan proposes to vigorously develop green transportation consumption: “Vigorously promote new energy vehicles, gradually eliminate restrictions on the purchase of new energy vehicles around the country, promote the implementation of supporting policies such as free travel and right of way… Carry out in-depth activities of new energy vehicles to the countryside, encourage automobile enterprises to develop and promote new energy vehicles that meet the travel needs of rural residents, are of high quality, low price and advanced application, promote and improve the rural operation and maintenance service system, and reasonably guide consumers to purchase new energy vehicles Buy lightweight, miniaturized and low emission passenger cars. ” We interpret it as follows:
I. continuation of the right of way policy. The Shanxi Guoxin Energy Corporation Limited(600617) automobile support policies can be summarized into four categories: 1) purchase subsidies; 2) Tax relief; 3) Right of way policy; 4) Points policy. At present, the purchase subsidy (national subsidy) will expire at the end of 2022; The purchase tax preference (Exemption) will also expire at the end of 2022. Recently, the senior management stated that the purchase tax preference policy will continue; Then there is the right of way policy. The plan specifies the overweight right of way policy. It is expected that new energy vehicles can enjoy the right of way preferential treatment for a long time in the future.
Second, the car must be of high quality and low price. Since 2020, “national Scooter” has sprung up. It caters to the policy trend, does not rely on subsidies, and mainly reduces the threshold of car purchase with the help of the right of way policy (green card policy). The scheme highly affirms these high-quality and low-cost cars. These cars are economical and applicable. They have a large market space in small cities and villages. At the same time, they are also in line with the development trend of lightweight, miniaturization and low emission.
Investment advice
The transformation of green consumption has helped the development of new energy vehicle industry, especially high-quality and low-cost cars. In recent years, the sudden rise of “national Scooter” has brought development opportunities to second-line car enterprises and second-line power battery enterprises, and some enterprises have taken the opportunity to rise. However, the profit space of “national Scooter” is small, and the competition is becoming increasingly fierce. It is more recommended to pay attention to the upgrade market of scooter with more than 100000 yuan, which has great development potential. Some car enterprises are expected to seize the first opportunity with forward-looking layout. Maintain the “overweight” rating of the industry.
Risk tips
The new energy vehicle industry is greatly affected by the policy and the boom fluctuates violently; Industry competition intensifies.
