New Energy Car Market New Deal: Taking into Consideration Continuity and Forward-looking

With the booming development of the new energy vehicle market, the policy dividend is gradually weakening, but the guiding role of it is far-reaching. The New Deal of New Energy Vehicle Subsidies announced in 2018 before the Lunar New Year can be seen that the government is using more flexible policies to promote the high-quality development of the new energy vehicle market.

On February 26, 2018, the Beijing Passenger Car Index Office released the results of the index configuration. In 2018, the number of new energy minibuses was 60,000, of which 54,000 were personal indicators and 3 000 units were indexed. 152,000 individual new energy minibus indicators and more than 4,600 new energy minibus indicators began to wait.

In contrast, in 2017, with the same 60,000 new energy indicators, the total number of second-hand individual new energy minibus indicators for 2017 in April 2016 was about 10 672, of which 14,000 indicators began to wait. The index quotas at this time are still loose. As of August last year, the new energy minibus index was not only allocated, but also the number of new energy minibus indicators was 46,000.

According to the annual quota of 60,000 indicators, owners who are queuing up to apply for the new energy minibus index need to wait until 2021 before they can get the index of new energy vehicles. On the one hand, the new energy index is very hot and difficult to find on the 1st. On the other hand, the new energy auto policy has accelerated the decline of bonuses and the overall amount of subsidies has dropped. In 2018, before the Lunar New Year, the subsidy policy for new energy vehicles finally came to an end. Three major changes were highlighted: the new transition period for subsidies, policy requirements for raising technical thresholds, clearing of local directories, and elimination of local protection.

The new subsidy policy will be implemented from June 12, 2018 and will be set to transition from February 11 to June 11 of 2018. During the transitional period, new energy passenger cars and passenger cars on board will be subsidized at 0.7 times the 2017 subsidy standard, and new energy trucks and special vehicles will be subsidized at 0.4 times. After the transitional period, pure electric vehicles are subject to the three indicators of “pure electric driving range”, “battery system quality energy density” and “hundred kilometers of power consumption” in the subsidy calculation, and the final bicycle subsidy amount = mileage subsidy standard × The battery system energy density adjustment coefficient × vehicle energy consumption adjustment coefficient, the upper limit of the unit battery power subsidy does not exceed 1 200 RMB/kWh.

On February 26, 2018, the Beijing Municipal Commission of Science and Technology released the latest “Administrative Measures for the Promotion and Application of New Energy Vehicles in Beijing”. Researcher No. 007 has already extracted the key points of the new management method for you: 1. No new energy vehicles are required to be filed in Beijing. 2. Beijing's new energy vehicles do not include plug-in hybrid vehicles. This is really a mixed blessing for new energy vehicles. After the transition period of the policy, the subsidy for plug-in hybrid vehicles was reduced from 24,000 in 2017 to 22,000. Although the magnitude of the decline was not significant, it was also difficult to set off the sales boom of plug-in hybrid vehicles in Beijing.

In the face of the slowdown in the pace of technological upgrading of new energy vehicle products, the "New Energy Vehicle Promotion Subsidy Program and Product Technical Requirements" will also be implemented on June 12, 2018. The subsidy standard for minimum cruising range of pure electric vehicles has been increased from 100 km to 150 km; the minimum standard for power battery capacity density has been increased from 90 Wh/kg to 105 Wh/kg. In respect of the subsidy amount, the subsidy is between 15,000 and 34,000 yuan for every 50 km below 300 km, 45,000 yuan for 300 to 400 km, and 50,000 yuan for over 400 km. It can be seen that while the standard has been raised, the amount of subsidy has generally declined, and the intention of the policy to encourage technological progress is clear.

At the same time, the policy stipulates that local protection measures must not be taken in any form, including setting up a local directory or filing and restricting the issuance of subsidies. All localities should treat all new energy automotive products listed in the "Vehicle Production Enterprises and Products Announcement" as equals, and implement support measures such as exemption from restrictions, purchase restrictions, and licensing of new energy vehicles.

On the whole, considering that the subsidy in 2017 has dropped significantly, in 2018 it will fall again on the basis of 2017, and the industry chain will be more prepared and capable than in 2017. In the long run, the subsidy amount will drop, and the subsidy standard will increase, which will help optimize the industry's competitive landscape, and the survival of the fittest will be inevitable.

Dean’s comments

“The policy of subsidy subsidy for new energy vehicle subsidies in 2018 has achieved effective continuity of product supply and demand for market sales. Setting a transitional period will allow 2017 subsidized vehicles to receive effective supply of resources in 2018”. Cui Dongshu, Secretary General of the Automobile Market Information Association, said so.

The new policy on subsidy implemented after the transition period will promote the quality of new energy vehicles and increase the core competitiveness of enterprises. The new round of new energy vehicle subsidy standards in 2018 focuses on the pure electric driving range and battery energy density of passenger vehicles. With the introduction of the New Deal, the new forces will launch new products in the first half of this year.

In addition, after the end of the transitional period, the 150 to 200 km driving range of the model, the subsidy from the previous 36,000 yuan to 15,000 yuan, is a relatively stable transition of an adjustment attitude. For vehicles with a driving range of more than 300 km, the subsidy in 2018 is greater than that in 2017. This also reflects the fact that, based on the downside of the overall subsidy standard, it still gives great support for product upgrades and is also one of the policies. Major highlights. It is believed that in the future, the high mileage and high-tech models of new energy passenger vehicles will obtain a better development opportunity.