Source: Fiscal Subsidy Policy for New Energy Vehicles to Meet You Soon

Dong Yang, executive vice president of the China Association of Automobile Manufacturers, said in an interview that the 2019 subsidy policy for new energy vehicles will be introduced soon. Despite persistent rumours of a 2019 subsidy for new energy vehicles from years ago, from December 2018 to January 2019, before and after the Spring Festival. Well? It's already March. However, people in the new energy vehicles and power battery industry, Every rumor is treated like a first love. Although "authorities", "informants", "industry insiders" and "government officials" have fooled us many times, after all, financial subsidies for new energy vehicles are of great importance, and officials have delayed "official announcement" for a long time, so we can only rely on rumors to sniff out policy information. This time Dong Yang seems to be more resourceful. Instead of giving a specific date range, he says: Soon! But although it is "soon", it is already March. How much longer will it be "soon"? Fiscal subsidies for new-energy vehicles are on the wane every year, and their policies are coming out later and later. Financial subsidies for 2017 were issued on 20 December 2016; The fiscal subsidy policy for 2018 was issued on 12 February 2018; But this year is in March and it hasn't been released yet. Many auto companies have stopped selling new cars for some time, just waiting for the introduction of new subsidies for price adjustments, and power battery companies also need to formulate appropriate power battery product strategy according to the product strategy after the subsidies. Everybody's waiting. And for policy makers, there's a lot of anxiety. And headaches. Fiscal subsidies for new-energy vehicles will be completely phased out by the end of 2020, which means that this year's subsidy recession will be greater than in previous years, with anecdotal versions ranging from 30% to 60%. As we all know, the financial subsidy policy of new energy vehicles plays a pivotal role in the development of China 's new energy vehicle industry. If the new energy vehicle industry can continue to develop healthily and steadily at this time, it will undoubtedly give policy makers a headache. Early January of this year, Miao Wei, minister of industry and information technology, "Recently, the Ministry of Industry and Information Technology and relevant departments are urgently studying and formulating the fiscal subsidy policy for 2019. The general principle is to ensure that there will be no major fluctuation in the industry after the complete withdrawal of fiscal subsidy in 2021, and to release the pressure brought about by the subsidy recession in stages, so as to prevent a sharp decline in the market for new energy vehicles after a big recession." Dare to speculate that fiscal subsidies for new energy vehicles in 2019 have not been introduced by March, perhaps because there is no effective policy in place to withdraw the subsidies, and a sharp decline may directly affect the healthy trend of the new energy vehicle market this year. Battery China. Com conducted a detailed questionnaire survey on the industry's expectations and views on the financial subsidy policy for new energy vehicles in 2019, based on previous versions of the survey. How much do you think is appropriate for the 2019 subsidy recession? Fifty-eight per cent of respondents to the survey said a subsidy retreat of 30-40 per cent would be appropriate in 2019. And for 50% or more of the Internet, To 60 per cent of the decline, with less than 40 per cent support. Similarly, the question of "how long is the transition period for fiscal subsidies in 2019 more appropriate?" 86 percent of the respondents said the transitional period would last three months or until June. Transition period for the car and power battery enterprises is self-evident importance, but also for the market adjustment is also very significant. Judging from the current outflow of several versions, the transition period should not be cancelled. The removal of local subsidies in the previously circulated 2019 subsidy edition has also attracted widespread industry attention. Local subsidies for new-energy vehicles will no longer subsidize car companies but instead subsidize infrastructure such as charging piles, Dong said in an interview. Indeed, this trend is reflected in the fiscal subsidy announcement for new energy vehicles in 2018, At that time, the subsidy policy proposed that "localities should continuously increase infrastructure construction and improve the environment for the use of new energy vehicles, and gradually shift the subsidy funds for the local purchase of new energy vehicles to support the construction and operation of charging infrastructure and the use and operation of new energy vehicles from 2018." Visible, the state has begun to guide local subsidies to tilt to the use of the link. However, some people in the industry questioned this, "the policy subsidies to the charging infrastructure sector, there are also risks, it is likely to lead to a repeat of previous years similar whole-car companies to deceive the incident." After the land subsidy turns to the charging infrastructure and operation, the local government supervision will be more difficult, easy to cause the infrastructure'great leap forward ', More prone to deceive the behavior. "In fact, Local financial subsidies to new energy vehicle infrastructure link to turn Change, can solve the car purchase concerns of consumers such as difficult to charge, more conducive to promoting new energy vehicles to ordinary consumers and new energy vehicles market promotion. In fact, for the 2019 financial subsidy policy for new energy vehicles has not been issued, the author speculates that may also be related to the technical indicators of the subsidy policy. Statistics show that since 2018, the safety accidents of new energy vehicles have been on the rise, and fire accidents of new energy vehicles have occurred from time to time. In the past few years, the subsidy policy focused on the mileage of new energy vehicles, power battery energy density requirements, and each year the rate of increase is faster than the product technology development cycle, resulting in some car companies to obtain high subsidies, artificially shorten the product certification cycle, and increase safety risks. Through the analysis of the cause of the accident of the new energy vehicle and the attention paid to the safety problem by all circles of the society, The formulation of the policy also needs to be more rational, instead of unilaterally emphasizing the mileage requirements of new energy vehicles, we should return to the encouragement of paying attention to the comprehensive performance of new energy vehicles, such as quality, safety, lightweight, energy consumption, cost, and durability, and the corresponding subsidies policy also needs to be re-examined and improved. All this is still a forecast and analysis of the 2019 subsidy policy for new energy vehicles, which Mr Dong said would be introduced "soon" but was still a vague expression. We all hope that this policy can really meet with everyone soon, after all, it is already a warm spring in March, and another spring for the development of new energy vehicles in our country should also come.