According to the news on the website of the Ministry of Finance on December 31, the Ministry of finance, the Ministry of industry and information technology, the Ministry of science and technology and the development and Reform Commission issued the notice on the financial subsidy policy for the promotion and application of new energy vehicles in 2022.
The notice specifies that in order to further support the high-quality development of the new energy vehicle industry and do a good job in the promotion and application of new energy vehicles, the technical index system will be stable in 2022 and the gradual decline of subsidies will be adhered to. The notice will be implemented from January 1, 2022.
Source: Ministry of Finance
vehicles licensed after December 31, 2022
no more subsidies
According to the data released recently by China Automobile Industry Association, from January to November 2021, the production and sales of new energy vehicles were 3.023 million and 2.99 million respectively, an increase of 1.7 times year-on-year. The market penetration reached 12.7%, higher than that in the previous October.
The notice indicates that in order to create a stable policy environment, the framework and threshold requirements of the current technical index system of purchase subsidies will remain unchanged in 2022. According to the requirements of the notice of the Ministry of finance, the Ministry of industry and information technology, the development and Reform Commission of the Ministry of science and technology on improving the financial subsidy policy for the promotion and application of new energy vehicles (CJ [2020] No. 86), in 2022, the subsidy standard for new energy vehicles 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.
It is worth mentioning that the notice specifies that purchase subsidies will not be given to new energy vehicles licensed after December 31, 2022.
The notice emphasizes that according to the notice of the Ministry of finance, the Ministry of industry and information technology, the development and Reform Commission of the Ministry of science and technology on improving the financial subsidy policy for the promotion and application of new energy vehicles (CJ [2020] No. 86) “the implementation period of the financial subsidy policy for the promotion and application of new energy vehicles shall be extended to the end of 2022 by integrating factors such as technological progress and scale effect”, 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, market sales trend and smooth transition of enterprises, 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 not 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.
improve the safety supervision system of new energy vehicles
In terms of product safety supervision, the notice said that we should improve the safety supervision system of new energy vehicles and further consolidate the main responsibilities of new energy vehicle manufacturers. Guide enterprises to improve safety management mechanism, strengthen product quality assurance ability, and meet national management requirements on automobile data security, network security, online upgrading, etc. Improve the efficiency of the enterprise monitoring platform, improve the after-sales service ability, and do a good job in accident emergency response.
The Ministry of industry and information technology, together with relevant departments, has established a cross departmental information sharing mechanism to regularly summarize fire and major accident information, and accelerate the establishment of a vehicle accident reporting system. For those who conceal accident information and do not cooperate with the investigation, the subsidy qualification of the vehicle type involved shall be suspended or cancelled according to the seriousness of the case.
the subsidy scheme for new energy passenger vehicles is shown here
Source: Ministry of Finance
(China Securities Journal)
