2022 will be the last year of financial subsidies for the promotion and application of new energy vehicles.
The notice on the financial subsidy policy for the promotion and application of new energy vehicles in 2022 (hereinafter referred to as the notice) issued by the Ministry of Finance and other four ministries and commissions on the 31st made it clear that the subsidy standard for new energy vehicles in 2022 will decline by 30% on the basis of 2021; For qualified vehicles in urban public transport, road passenger transport, rental (including online car Hailing), sanitation, urban logistics and distribution, postal express, civil aviation airport and public service of Party and government organs, the subsidy standard will decline by 20% on the basis of 2021.
the subsidy policy for the purchase of new energy vehicles will be terminated at the end of 2022
The notice proposes that in order to maintain the good development momentum of the new energy vehicle industry and comprehensively consider the development planning of the new energy vehicle industry, the market sales trend, the smooth transition of enterprises and other factors, the subsidy policy for the purchase of new energy vehicles in 2022 will be terminated on December 31, 2022, and the vehicles licensed after December 31, 2022 will no longer be subsidized . At the same time, continue to strengthen the audit and do a good job in the liquidation and closure of vehicles promoted in previous years.
In response to the subsidy policy for new energy vehicles in 2022, Cui Dongshu, Secretary General of the all China Federation of riders, told the Shanghai Securities News, “at that time, it was expected to subsidize 2 million units. This substantial increase in the subsidy amount is a strong policy support”.
“On the whole, the subsidy policy for new energy vehicles has successfully promoted the development of Shanxi Guoxin Energy Corporation Limited(600617) vehicles. There should be 3.3 million vehicles this year, which is a great achievement.” Moke, chief analyst of real lithium research, told the Shanghai Securities News that the electrification rate of cars this year can certainly be more than 10%, the demand has risen, and the subsidy policy is about to exit. Overall, the established subsidy policy has little impact on the market, and the development of new energy vehicles is completely driven by the market.
The economic construction Department of the Ministry of Finance recently issued the notice on Issuing the budget of subsidies for energy conservation and emission reduction in 2022 in advance. The notice shows that about 38.5 billion yuan is arranged for subsidies for new energy vehicles, including 18.3 billion yuan in 2019-2020, 9.98 billion yuan in 2016-2018 and 10.185 billion yuan in 2019.
It can be seen that the subsidy budget is not only for the new energy vehicles themselves, but also further goes deep into the aspects of industrial low-carbon, resource conservation, energy conservation and emission reduction, and the assessment indicators are more comprehensive and detailed.
improve the safety supervision system of new energy vehicles
Relevant people from the Ministry of Finance interpreted that in recent years, driven by the subsidy policy of supporting the excellent and the strong, the supply quality of Shanxi Guoxin Energy Corporation Limited(600617) automobile products has been continuously improved, the technical level has been significantly improved, and the product practicability has been greatly improved. According to the provisions of CJ [2020] No. 86 document “maintain the overall stability of technical indicators in principle from 2021 to 2022”, the purchase subsidy policy in 2022 will maintain the energy density, driving range, energy consumption and other technical indicators of power battery system unchanged and stabilize the enterprise expectation.
In recent years, new energy vehicle products with the characteristics of intelligent network connection have been gradually applied to the market, and the problems such as data security and network security have become important concerns. Medium Shanxi Guoxin Energy Corporation Limited(600617) vehicle fires and safety accidents still occur from time to time.
In order to further strengthen product safety supervision, ensure vehicle quality and information safety, and effectively protect the interests of consumers, the notice clearly puts forward measures to improve the safety supervision system of new energy vehicles and further compact the main responsibility of new energy vehicle manufacturers. At the same time, a cross departmental information sharing mechanism and a vehicle accident reporting system will be established around vehicle fires and major accidents, for enterprises that conceal accidents and do not cooperate with the investigation, the subsidy qualification of the involved models will be suspended or cancelled according to the seriousness of the circumstances.
the price of new energy vehicles is expected to rise in 2022
Cui Dongshu believes that the overall subsidy standard will remain stable in 2020, which is conducive to the super increment of existing products. Therefore, the sales growth expectation of high-tech energy vehicles should be greatly adjusted according to the growth of subsidies. “It is estimated that the sales volume of new energy passenger vehicles should exceed 5.5 million, and new energy vehicles are expected to reach 6 million.”
Merck reminded that we should pay more attention to some uncertain factors, such as the price of electric vehicles. It is expected that the price of electric vehicle products will generally rise next year, and the distribution will be reduced if the price does not rise. Although the price increase will not necessarily affect the sales of electric vehicles, it is possible to buy more and more. However, there will always be an inflection point in the phenomenon of “rising and buying”. With the passage of time, the possibility of this inflection point is becoming greater and greater.
At present, many new energy vehicle enterprises in China have also begun to raise prices. For example, Tesla raised the price of the rear wheel drive version of model 3 and model y. In addition, Xiaopeng automobile and Weilai automobile have also successively announced the subsidy decline promotion activities.
With the gradual withdrawal of state subsidies, local subsidy policies are also being promoted. For example, the 14th five year plan for the innovation and development of intelligent and new energy vehicles in Guangzhou proposes to timely issue comprehensive subsidies for individual consumers to buy new energy vehicles according to the epidemic situation, study and issue incentive policies after the withdrawal of subsidies, promote the orderly development of new energy vehicles in the private sector, and increase the proportion of individual consumers to buy and use intelligent and new energy vehicles.
(Shanghai Securities News)
