New Energy Vehicle Relief Policy is Expected to Be Issued

The development of new energy vehicles and the increase of energy conservation and emissions reduction of automobiles have become the consensus of the global automotive industry. The major domestic car companies are also obliged to work hard to achieve this goal. However, a problem has been plaguing the automotive industry: New energy vehicles that have just begun mass production are generally expensive due to cost, resulting in “high and low” and applauding and not winning.

Therefore, the automotive industry has been calling for policy support. Today, this voice has finally received a reply from the government.

Recently, seven new energy vehicles appeared in the latest list of new vehicles announced by the National Development and Reform Commission. They are the Shanghai Volkswagen Passat Fuel Cell Vehicle, Shanghai GM Buick Hybrid, FAW CA7130 Hybrid, and FAW, Dongfeng, Beiqi Futian and Changan Automobile's four hybrid buses. At the same time, according to experts participating in the country’s “863” major new energy research and development project for vehicles, when seven new energy vehicles were on the “best of births” list, experts from the industry and mainstream manufacturers have also submitted to the relevant state agencies. Encourage consumers to buy new energy vehicles. One of the most concentrated ones is “reduction of purchase tax” and direct profit-taking consumers. It is reported that this proposal has initially been approved by relevant departments and is expected to officially introduce a tax relief policy at an appropriate time during the year. This indicates that China’s new energy vehicles are no longer just “green dreams”.

Some foreign practices that encourage R&D, production, and sales of new energy vehicles are worth learning from. For example, the United States has a maximum deduction of 3,600 U.S. dollars for hybrid vehicles, 24% tariffs for diesel vehicles in the Netherlands, 15% for Austria for 20% of consumption taxes, and Japan provides subsidies for about 200,000 yen for hybrid cars; including France. Many European countries have stipulated that dealers must sell a clean fuel vehicle for every 5 regular-powered vehicles they sell, and the government grants a tax relief policy. Therefore, as soon as possible, China will implement the New Deal for Encouraging Green Cars, which will bring it closer to the international community and help accelerate the pace of energy conservation and emission reduction.

In the long run, hybrid vehicles have great market prospects. If the reduction policy is implemented for new energy vehicles, the price is closer to that of other cars. In addition to the obvious decline in daily fuel consumption, the longer the mileage, the greater the cost advantage. Therefore, hybrid vehicles will be quite competitive.

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