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According to the website of the Ministry of Finance on December 31, the Ministry of Finance, the Ministry of Industry and Information Technology, the Ministry of Science and Technology, and the Development and Reform Commission issued the Notice on the Financial Subsidy Policy for the Promotion and Application of New Energy Vehicles in 2022.
The "Notice" makes it clear that in order to further support the high-quality development of the new energy automobile industry and do a good job in the promotion and application of new energy vehicles, the technical indicator system will be maintained in 2022 and the subsidy will be smooth. The Notice will be implemented from 1 January 2022.
Image source: Ministry of Finance
Vehicles licensed after December 31, 2022
Subsidies are no longer granted
According to data released by the China Association of Automobile Manufacturers, from January to November 2021, the production and sales of new energy vehicles reached 3.023 million units and 2.99 million units, respectively, an increase of 1.7 times year-on-year. The market penetration rate reached 12.7%, higher than in the previous October.
The Notice states that in order to create a stable policy environment, the framework and threshold requirements of the current purchase subsidy technical indicator system will remain unchanged in 2022. According to the Notice of the Ministry of Finance, the Ministry of Industry and Information Technology, the Ministry of Science and Technology, and the Development and Reform Commission on Improving the Financial Subsidy Policy for the Promotion and Application of New Energy Vehicles (Caijian [2020] No. 86), in 2022, the subsidy standard for new energy vehicles will be reduced by 30% on the basis of 2021; the subsidy standards for urban buses, road passenger transport, rental (including online car-hailing), sanitation, urban logistics and distribution, postal express, civil aviation airports and vehicles in the official field of party and government organs will be reduced by 20% on the basis of 2021.
It is worth mentioning that the "Notice" clarifies that new energy vehicles licensed after December 31, 2022 will no longer be subsidized for purchase.
The "Notice" emphasizes that in accordance with the "Notice of the Ministry of Finance, the Ministry of Industry and Information Technology, the Ministry of Science and Technology, and the Development and Reform Commission on Improving the Financial Subsidy Policy for the Promotion and Application of New Energy Vehicles" (Caijian [2020] No. 86), "comprehensive technological progress, scale effects and other factors, the implementation period of the financial subsidy policy for the promotion and application of new energy vehicles will be extended to the end of 2022", in order to maintain the good development momentum of the new energy vehicle industry, comprehensively consider factors such as the development plan of the new energy automobile industry, the market sales trend and the smooth transition of enterprises. The subsidy policy for the purchase of new energy vehicles in 2022 will be terminated on December 31, 2022, and vehicles licensed after December 31, 2022 will no longer be subsidized. At the same time, we will continue to increase the intensity of review and do a good job in the liquidation and finishing of the promotion vehicles in the previous year.
Improve the safety supervision system for new energy vehicles
In terms of product safety supervision, the Notice said that the safety supervision system for new energy vehicles should be improved to further consolidate the main responsibilities of new energy vehicle manufacturers. Guide enterprises to improve the safety management mechanism, strengthen product quality assurance capabilities, and meet the national management requirements for automotive data security, network security, and online upgrades. Improve the efficiency of the enterprise monitoring platform, improve the after-sales service capabilities, and do a good job in emergency response and handling of accidents.
The Ministry of Industry and Information Technology and relevant departments shall establish a cross-departmental information sharing mechanism, regularly summarize information on fires and major accidents, accelerate the establishment of a vehicle accident reporting system, and suspend or cancel the subsidy qualifications for the models involved according to the seriousness of the circumstances for concealing accident information and not cooperating with the investigation.
The subsidy scheme for new energy passenger cars can be seen here
Editor: Xu Xiaohong