On December 31, 2021, the subsidy scheme for the promotion of new energy vehicles in 2022 (hereinafter referred to as the subsidy scheme) jointly issued by the Ministry of finance, the Ministry of industry and information technology, the Ministry of science and technology and the development and Reform Commission requires that in 2022, the subsidy standard for new energy vehicles will decline by 30% on the basis of 2021; The subsidy standard for urban public transport, road passenger transport, rental (including online car Hailing), sanitation, urban logistics and distribution, postal express, civil aviation airport, and qualified vehicles in the public service field of Party and government organs will decline by 20% on the basis of 2021.
The subsidy scheme defines the subsidy standards for vehicle products of different types and fields, which will be implemented from January 1, 2022. For example, in the subsidy scheme for new energy passenger vehicles (non-public domain), the subsidy for models with a mileage greater than or equal to 300km and less than 400km is 9100 yuan, and the subsidy for models with a mileage greater than or equal to 400km is 12600 yuan. For plug-in hybrid electric (including added program) passenger cars, the pure electric range ≥ 50 (NEDC working condition) or the pure electric range ≥ 43 (wltc working condition) will be subsidized by 4800 yuan.
In addition, the subsidy scheme also stipulates the subsidy scheme for new energy buses and new energy trucks in non-public areas, as well as the subsidy scheme for new energy passenger vehicles, new energy buses and new energy trucks in public transport.
It is understood that the subsidy scheme will be terminated on December 31, 2022, and no subsidy will be given to vehicles licensed after December 31, 2022. This means that 2022 will be the last year for the implementation of the new energy subsidy policy.
Near the end of 2021, affected by the decline of subsidies, many auto brands, including Xiaopeng, gac-e’an and so on, have made it clear that they will raise the price of their new energy models. “There are existing cars in many configurations. You don’t need to wait. Now you can enjoy the state subsidy in 2021 when you place an order. From January 1, 2022, the price of R car will be 5400 yuan.” Recently, a salesperson of a Shanghai Feifan automobile (i.e. r automobile) told the daily economic news that Feifan automobile will definitely adjust the price from January 1, 2022.
Although the decline of subsidies has an impact on the terminal market, many people in the industry said that the new energy vehicle market has changed from policy driven to market driven, and the decline of subsidies has a limited impact on the overall market growth of new energy vehicles.
Cui Dongshu, Secretary General of the national passenger car market information joint committee, told reporters: “The 30% decline in subsidies will have a certain impact on the growth rate of new energy vehicles. In particular, the annual subsidy scale is limited to about 2 million vehicles. In fact, the scale is significantly reduced compared with last year. Both the single vehicle quota and the total amount of subsidies are in a relatively low state. Therefore, facing the challenge of the post subsidy era, all vehicle enterprises are bound to adjust their prices.”
On January 1, 2022, Cui Dongshu said on social media that according to his judgment, the sales volume of new energy passenger vehicles was originally expected to be 4.8 million in 2022, which should be adjusted to more than 5.5 million at present, and the penetration rate of new energy passenger vehicles should reach about 25%. New energy vehicles are expected to exceed 6 million, and the penetration rate of new energy vehicles is about 22%. With the significant improvement of Chinese consumers’ recognition of the new energy market and the stability of policy subsidies, it is bound to promote the surge in the total sales of medium Shanxi Guoxin Energy Corporation Limited(600617) vehicles in 2022 and continue to maintain the super leading position of more than 50% in the world.
The relevant person in charge of Weima automobile also believes that: “In fact, the decline of new energy vehicle subsidies did not start in 2021, and has been declining in the past few years. However, in reality, the overall sales of new energy vehicles decreased slightly by 4% in 2019 and increased by 10% in 2020. As of November, the sales of new energy vehicles in 2021 had doubled compared with that in 2020. Based on the decline of new energy subsidies and the increase in sales over the years As can be seen from the long-term trend, the decline of subsidies has a short impact on the new energy vehicle market, and the growth is still the general trend. ”
(Daily Economic News)
