New energy vehicles will support the policy of supporting the car to the countryside

After the pioneering implementation of trade-in stimulus policies in the commercial vehicle sector, new energy vehicles will take the “second shot”. Recently, Zhang Xiangmu, Director of the Department of Equipment Industry of the Ministry of Industry and Information Technology, stated at the Global Energy Conservation and New Energy Vehicle Summit that the “Energy-saving and New Energy Vehicle Industry Development Plan” will be issued by the State Council in the near future. The plan will surface with a series of industrial support policies, including new energy vehicles exempt from vehicle purchase tax, VAT tax rate to 13%.

At the same time, the relevant person in charge of the Ministry of Industry and Information Technology pointed out that the "automobile to the countryside" policy is under study. When a new round of stimulus policies for cars is in full swing, authorities in the industry will judge that everything will be focused on structural adjustment and that new energy vehicles will play an important role.

According to Li Daokui, director of the China and World Economic Research Center at Tsinghua University, "China's auto market is currently in a 'shifting period' and needs 'fueling', but if it follows the old method of 'fueling', it will delay. The auto industry’s own reforms,” said Li Daokui, “to fuel oil in new energy vehicles and other areas, not only to avoid a transitional decline, but also to adjust the structure, which is conducive to healthy development of the industry.”

The reporter was informed that in terms of new energy vehicles, the “planning” will propose that purchase of pure electric vehicles and plug-in hybrid vehicles from 2011 to 2020 can be exempt from vehicle purchase tax. In terms of energy-saving cars, half-a-half and medium-sized hybrid vehicles will be halved on vehicle purchase tax, consumption tax, and vehicle and vessel tax from 2011 to 2015.

According to Cui Dongshu, deputy secretary-general of the National Passenger Vehicles Association, the reporter introduced that in the future, consumers who purchase new energy vehicles will be able to receive a discount of around 15%. "5-10% purchase tax discount, plus 4% VAT discount, plus vehicle tax."

In addition, according to Luo Jun, CEO of the Asian Manufacturing Association, this year, the Ministry of Finance will provide 1 billion to 2 billion yuan of funds each year to support the development of energy-saving and new energy auto industry.

Li Yizhong, deputy director of the Economic Committee of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), also stated that in the next decade, the automobile industry will accelerate its transformation and upgrading and enhance its core competitiveness. China's auto industry should greatly improve its capacity for independent innovation, accelerate structural adjustment, and speed up the cultivation of The development of new energy vehicles will unswervingly promote the energy-saving and emission reduction of traditional fuel vehicles.

In addition, it is worth noting that at the summit, Zhang Xiangmu, director of the Ministry of Industry and Information Technology of the Ministry of Industry and Information Technology, also revealed that various ministries and commissions are studying the policy of car to the countryside. He said, “For the policy of car going to the countryside, it is currently being studied. The starting point of each person is different, and it is reasonable to launch a stimulus policy, but it is not justified. Therefore, various ministries and commissions must negotiate in many ways and eventually fall to a point. In the past, how to support and what policies are best suited to the current automotive market situation."