The financial subsidy adjustment policy for new energy vehicles, which has received much attention from the market, was finally released before the Lunar New Year. The Notice of the Ministry of Finance and other four ministries and commissions on the adjustment and improvement of the financial subsidy policy for the promotion and application of new energy vehicles (hereinafter referred to as the "Notice") proposes that during the transition period from February 12, 2018 to June 11, 2018. The new energy passenger cars and new energy buses on the cards will be subsidized 0.7 times according to the previous corresponding standards, and the new energy trucks and special vehicles will be subsidized by 0.4 times, and the fuel cell vehicle subsidy standards will remain unchanged. A number of market participants told the Shanghai Securities Journal that the policy adjustments and expectations are basically the same. Compared with the past, the subsidies will focus more on guiding the demand side, focusing on upgrading technology and leaning toward the passenger vehicle market. The Notice puts higher demands on the technical threshold. For example, after the new energy vehicle products are included in the “Recommended Models for the Promotion and Application of New Energy Vehicles†(hereinafter referred to as the “Catalogueâ€), the sales promotion can apply for subsidies. The models in the 2017 catalogue that meet the technical conditions of the adjusted subsidies can be directly included in the new model. Directory. Relevant ministries and commissions will research and release the key technical indicators thresholds for 2019 and 2020 in advance according to factors such as technological advancement of new energy vehicles, industrial development, and scale of application. "This will make car companies pay more attention to the improvement of technology. It is expected that the market share of A00 vehicles with a cruising range of 100 km to 200 km will be greatly reduced this year, and vehicles with more than 250 km will become the main market supply." Xu Zhengpeng said. The "Notice" requires that local governments should continuously increase infrastructure construction and improve the use environment of new energy vehicles. From 2018, the new energy vehicle local purchase subsidy funds will gradually be transferred to support the construction and operation of charging infrastructure, the use of new energy vehicles and Operations and other links. Xu Zhengpeng believes that the operating mileage requirement for operating vehicles will be reduced from 30,000 kilometers to 20,000 kilometers, and part of the payment will be paid after the card is placed, indicating that the policy makers have fully considered the actual situation of the vehicle operating enterprises and increased the support for the operation of new energy vehicles. This encourages market demand-oriented vehicle development and supply. The policy clearly defines “further optimization and promotion of application linksâ€, which is conducive to the use of new energy vehicles. It can be said that the supply side reform of new energy vehicles has been opened. Vessel Tool,Vessel Float-Up Tool,Vessel Air Tools,Float-Up Tool Shandong Nanhai Airbag Engineering Co., Ltd. , https://www.nanhaimarine.com
Xu Zhengpeng, president of Spruce Wisdom New Energy, said that the subsidies for passenger cars and logistics vehicles have fallen sharply, while the subsidies for passenger cars with higher driving ranges are relatively small, even for long driving ranges, high-quality energy density, and good energy consumption. The subsidy for passenger vehicles has also increased, which indicates that the policy has increased efforts to encourage passenger vehicles to rapidly improve their technical level.
The "Notice" proposes that the application for financial subsidies for private purchase of new energy passenger vehicles, special-purpose vehicles (including sanitation vehicles), official vehicles of party and government organs, and vehicles in civil aviation airports will not be required for operating mileage. The operating mileage requirement for other types of new energy vehicles applying for financial subsidies is adjusted to 20,000 kilometers. After the vehicle is sold, some subsidy funds will be disbursed according to the application, and all the funds will be paid after the mileage requirements are met. The subsidy standards and technical requirements will be implemented according to the annual license of the vehicle.
The Notice did not adjust the fuel cell vehicle subsidy standards, but raised the fuel cell technical standards.
Zhao Xiaoli, vice president of strategic investment department of Xiongyi (002733, shares) said that for fuel cell vehicles, the total subsidy is unchanged and the ratio of fuel cell power is increased. Due to the large power demand, the bus will have a greater impact, and the impact on the 7.6-ton logistics vehicle will be small. Relatively speaking, the policy changes are relatively mild. The fuel cell's rated power has not changed, avoiding the risk of the product needing to be completely redeveloped. However, low-temperature storage is a challenge, and industry companies need to prepare early.