Notice on Privately-purchased Subsidies for New Energy Vehicle Subsidies On June 1, 2010, the Ministry of Finance, the Ministry of Science and Technology, the Ministry of Industry and Information Technology, and the National Development and Reform Commission jointly issued the Notice on Developing Private Subsidies for the Purchase of Subsidies for New Energy Vehicles. Five cities including Shanghai, Changchun, Shenzhen, Hangzhou, and Hefei started private subsidies for the purchase of new energy vehicles. For new energy vehicles that meet the supporting conditions, subsidies will be given at a rate of 3,000 yuan/kWh. Plug-in hybrid passenger cars will receive a maximum subsidy of 50,000 yuan for each vehicle, and pure electric passenger cars will receive a subsidy of 60,000 yuan per vehicle.
In addition, the Ministry of Finance, the National Development and Reform Commission, and the Ministry of Industry and Information Technology jointly issued the "Circular on Printing and Distributing the Implementation Rules for Energy-Efficient Vehicles Promoting Energy-Saving Products to Benefit the People". The engine displacement will be 1.6 liters and below, and the comprehensive Gasoline and diesel passenger cars (including hybrid and dual-fuel vehicles) whose fuel consumption is 20% lower than the current standard are included in the “Energy-saving Products Benefiting People Project†and are promoted nationwide. The central government purchases energy-saving cars for consumers. A one-time fixed subsidy is granted at a rate of RMB 3,000 per vehicle, which is paid directly to the consumer by the manufacturer at the time of sale.
"Travel and Tax Law and its Implementation Regulations"
On January 1, 2011, the "People's Republic of China Taxation Law for Vehicles and Vehicles" promulgated on February 25, 2011 will come into effect on January 1, 2012. The “Tax Boat Tax Law†uses the displacement as a basis for taxation of passenger vehicles, and increases the incentives for energy conservation and the use of new energy sources for the reduction or exemption of taxes on vehicles and boats.
On December 5, 2011, the State Council issued the "Regulations on the Implementation of the Tax Law of the People's Republic of China on Vehicles and Vehicles," which will come into effect on January 1, 2012. The "Regulations" details the scope of taxable vehicles, stipulates the specific applicable tax for motorized ships and yachts, and details the provisions for tax incentives. Vehicles that use energy to save energy and use new energy may be exempted or reduced by half. The specific scope will be formulated by the departments of finance and taxation and reported to the State Council for approval.
The proportion of newly-purchased official vehicles for energy-saving and new energy vehicles will reach more than 50%. The State Council Organ Affairs Authority stated that the State Administration of Management will promote new energy and renewable energy promotion projects. In the promotion project of energy-saving and new energy official vehicles, public institutions will gradually increase the proportion of energy-saving and new-energy vehicles in newly purchased official vehicles, reaching 50% by the end of the “Twelfth Five-Year Plan†period.
According to statistics from the China Association of Automobile Manufacturers, only BYD F3DM dual-mode electric car and SAIC Roewe 750 hybrid version accounted for half of the country’s sales last year, while the Roewe 750’s “performance†is basically from the government. Department procurement.
In the "Twelfth Five-Year Plan", the cumulative production and sales volume of China's new energy vehicles reached 500,000 vehicles. On April 18, 2012, the State Council Executive Meeting discussed and passed the "Energy-saving and New Energy Vehicle Industry Development Plan (2012-2020)" and proposed to strive for 2015. In 2005, the cumulative production and sales volume of pure electric vehicles and plug-in hybrid electric vehicles reached 500,000 vehicles, and by the year 2020, more than 5 million vehicles. New energy vehicles, power batteries and key components and parts technologies have reached international advanced levels as a whole.
Subsequently, the “Twelfth Five-Year†automobile industry development plan announced by the China Association of Automobile Manufacturers once again made it clear that the cumulative production and sales volume of China's new energy vehicles reached 500,000 during the “12th Five-Year Plan†period.
It is understood that since 2003, China has conducted evaluations of small-scale demonstrations of electric vehicles in seven cities including Beijing, Tianjin, Wuhan, Shenzhen, and Hangzhou, and has accumulatively put into operation more than 500 vehicles, and its operating mileage exceeds 15 million kilometers. In January 2009, the Ministry of Science and Technology, the Ministry of Finance, the National Development and Reform Commission, and the Ministry of Industry and Information Technology launched the “1000 City Energy Conservation and New Energy Vehicle Demonstration, Extension and Application Projects in Ten Citiesâ€. The total number of energy-saving and new energy vehicles in 25 pilot cities including Beijing and Shanghai has exceeded 10,000 cars.
According to statistics from the National Grid, as of 2011, the State Grid has built 243 charging and replacing stations and 13,283 charging piles; and the entire network of the Southern Grid has also built 14 charging stations and 2,901 charging piles.
New Energy Vehicle Tax Relief Recently, the "Energy Conservation and New Energy Vehicle Industry Development Plan (2012-2020)" will be released and implemented by the State Council. The news triggered intense attention from the industry. According to industry figures, if the plan can be implemented, it will help encourage and support resource-saving consumption and help promote the development of new energy vehicles.
It is reported that the plan will surface with a series of industrial support policies. Including: In the area of ​​new energy vehicles, purchase of pure electric vehicles and plug-in hybrid vehicles will be exempt from vehicle purchase tax in 2011-2020; in the area of ​​energy-saving vehicles, half-to-medium-sized hybrid vehicles will be halved in 2011-2015. Vehicle purchase tax, consumption tax, and vehicle tax.
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