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On December 31, 2021, the Ministry of Finance, the Ministry of Industry and Information Technology and other four ministries and commissions issued the Notice on the Financial Subsidy Policy for the Promotion and Application of New Energy Vehicles in 2022, which clarified that the subsidy standard in 2022 was 30% lower than that in 2021 (non-public sector), and announced that the subsidy would be completely withdrawn after December 31, 2022.
As for vehicles that meet the requirements in the fields of municipal buses, road passenger transport, taxis (including online car-hailing), sanitation, urban logistics and distribution, postal express delivery, civil aviation airports, and party and government organs, the subsidy standard will be reduced by 20% on the basis of 2021.
The specific subsidy amount changes as follows:
1. Pure electric vehicle type subsidy between 300-400 kilometers of pure electric vehicle mileage 9,100 yuan (13,000 yuan in 2021);
2. Pure electric vehicle models with a pure electric mileage greater than or equal to 400 kilometers are subsidized by 12,600 yuan (18,000 yuan in 2021);
3. Subsidy for plug-in hybrid models of 4,800 yuan (6,800 yuan in 2021).
Overall, the pure electric mileage conditions of the new energy vehicle purchase subsidy standard in 2022 will remain unchanged, but the subsidy amount will decline by 30% on the basis of 2021.
In 2021, China's new energy vehicles can be said to have ushered in a highlight moment, and the overall trend is showing a high-speed progress. Whether it is Tesla, Xiaopeng Automobile, Weilai Automobile, etc., or the new energy vehicles under traditional car companies, most of them have ushered in a soaring sales volume. The adjustment of the subsidy policy means that consumers will pay more costs to buy new energy vehicles, and for car companies, they will also face greater operating costs.
Annex: 2022 new energy vehicle promotion subsidy plan
Source: Shanghai Traffic Radio
Editor: He Yuxin
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