Subsidies decline, premiums rise, new energy vehicles in the electricity, maintenance of the cost of savings have been eaten by price increases and premiums, electric vehicles or a more cost-effective choice? Will this price increase trend continue? Today we will answer this question.
Wen 丨 wisdom driving network YCC
The Spring Festival of the Year of the Tiger in 2022 has just ended, and many new energy vehicles in China have announced price increases.
However, in the past two days, after the intelligent driving jun (ID: zhinengqiche) to understand, not all new energy models have announced price increases, like the endurance of 300km or less of the model itself is not within the scope of subsidies, so it has not been affected, such as we are very familiar with Wuling Hongguang MINI EV, Chery QQ ice cream and other micro-electric vehicles.
The following table is the initial statistics of the price increase model of the intelligent driving jun (ID: zhinengqiche), of course, the price is not the same, according to the dealer, the current price is basically adjusted every week.
As can be seen from the above table, several major electric vehicles on the market have raised prices, and BYD Qin Pro has risen the most, with an increase of up to 20 million yuan.
Another unfriendly news for electric vehicles is that insurance for electric vehicles is also rising.
As a result, whether it is the cost of buying a car or the cost of using a car, electric vehicles have risen sharply.
So is this rally a short-term phenomenon or a long-term trend?
According to the understanding of the intelligent driver, the rise in some models is mainly caused by the decline of electric vehicle subsidies.
Subsidies for the new energy automobile industry began in 2009 and have been 13 years now, and as of December 2021, the mainland's subsidy funds have invested about 129.5 billion yuan, covering more than 1.9159 million new energy vehicles. Among them, from 2019 to 2020, the subsidy for new energy vehicles totaled 18.3 billion yuan, the subsidy from 2016 to 2018 was 9.98 billion yuan, and the subsidy was 10.185 billion yuan in 2019.
In fact, the subsidy decline has been planned as early as 2020, but because of the epidemic and market feedback, the subsidy decline has been extended to 2022, but the subsidy amount has been reduced at a rate of 10%, 20% and 30% per year.
In 2022, the subsidy standard for new energy vehicles will be reduced by 30% compared with 2021. Pure electric passenger car with a cruising range of less than 300 km is unsubsidized, and the subsidy for pure electric passenger cars with a cruising range of 300-400 km (including 300 km) is reduced to 9100 yuan; the subsidy for pure electric passenger cars above 400 km (including 400 km) is reduced to 12,600 yuan. Subsidies for plug-in hybrid models fell to 4800 yuan.
That is to say, in models between 300km-400km, the subsidy in 2022 is reduced by 3900 yuan compared with 2021; the subsidy is reduced by 5400 yuan for models with a range greater than 400km, while the subsidy for plug-in hybrid models greater than 50km is reduced by 2000 yuan.
In 2023, the purchase of new energy vehicles will no longer enjoy any subsidies from the state.
According to incomplete statistics, in 2020, the sales volume of new energy vehicles in the mainland will be 1.36 million units, while in 2021, it will reach 3.52 million units, achieving double growth.
So what is the impact of subsidies on enterprises after the decline? There are mainly two kinds, the first: the price increase of enterprise products, and the second: the enterprise subsidizes users out of their own pockets.
Under the current bullish trend of electric vehicle sales, many car companies' products have been announcing price increases since January 1, 2022.
However, the current models that support power exchange are not currently affected by the subsidy decline policy, which is because the policy issued by the Ministry of Industry and Information Technology indicates that for vehicles that use the power exchange mode, they are not subject to the upper limit of 300,000 yuan, and it is Weilai who can continue to enjoy the subsidy dividend.
In addition, many new energy models themselves are priced higher than 300,000 yuan and do not enjoy the subsidy policy, and the price has remained stable, such as Gaohe Hiphi X.
Therefore, this round of price increases mainly involves models with high consumer awareness and high ownership, such as Tesla, BYD and other brands.
The price of Tesla's domestic Model 3 and Model Y rear-wheel drive models rose to 265,700 yuan and 301,800 yuan respectively, with an increase of 10,000 yuan and 21,000 yuan, respectively.
FAW-Volkswagen said that the amount of new energy subsidies enjoyed by FAW-Volkswagen ID.CROZZ models will be reduced from 18,000 yuan to 12,600 yuan, and the price of the car will be raised by 5,400 yuan. However, if the user completes the purchase of the car before February 28, 2022, he can also enjoy the previous subsidy price (which shows that the current FAW-Volkswagen ID.CROZZ is the second case, that is, out-of-pocket).
Another reason for the price increase of some models is the increase in manufacturing costs caused by the supply of raw materials such as batteries and chips.
Although the sales of new energy in 2021 have increased significantly, the impact of raw materials and chip shortages has not ended, so the net profit of various car companies has not changed much, and with the advent of decline, price increases have become a common choice.
In addition, not long ago, the network rumored that the premium of new energy vehicles rose, many new energy car owners have exposed that their car insurance premiums have increased significantly, and more Tesla owners have self-detonated, their insurance on December 23, 2021, the payment fee is 8278 yuan, only 4 days later, after the new energy exclusive car insurance was launched, the premium soared to 13952 yuan, an increase of more than 80%.
Is this true or false?
After communicating with insurance companies and dealers, Zhinengqiche learned that on December 24, 2021, the China Insurance Industry Association issued the "Exclusive Clauses for Commercial Insurance for New Energy Vehicles (Trial)". After that, some models did have premiums increased, but not all models have increased their premiums.
In this exclusive clause, the characteristics of new energy vehicles are highlighted, and the scope of protection is not only limited to the model, but extended to specific environments such as charging, especially some external equipment such as charging piles are also included in the coverage for the first time. In terms of additional insurance, three new types of insurance have been established.
For a simple example: in the daily use of the accident (commonly known as: small scraping small rub), at this time there is no difference between new energy vehicles and fuel vehicles; and new energy insurance policies are mainly reflected in the product itself compensation liability. In other words: new energy vehicle insurance will amplify the insurance liability, not only considering the risk of spontaneous combustion of the car itself, but also considering the risk of "three electricities": battery, motor, and electronic control damage.
Of course, not all new energy vehicle premiums have risen, and the "Explanation on the Adjustment of the Pure Risk Premium Table for the Benchmark Pure Risk Premium Table of New Energy Vehicle Commercial Insurance Exclusive Products" issued by the China Association of Actuaries confirms that new energy vehicles priced below 250,000 yuan will not increase the cost of insured car damage insurance, and narrow the threshold for the increase and decrease of the rate. Models of more than 250,000 yuan, only some of the premiums have increased, but the overall price does not exceed 3%.
New energy vehicles as a new thing, gradually known and accepted by people, policy support, user reputation, these are so that new energy vehicles tend to develop positively, and now with the improvement of new energy vehicle insurance, I believe that in the future the sales of new energy vehicles will have greater room for growth, this scale effect will also affect the decline in the cost of power batteries, so in the long run, the price increase of electric vehicles will be only a short-term phenomenon.
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