Changes in Taxi Fuel Subsidies for 2021?
2 Answers
The current price increase subsidy for rural passenger transport and taxis in the fuel price subsidy is being gradually reduced by each province based on the actual implementation figures from 2014, effective from January 1, 2015. Specifically, the reductions are as follows: 15% in 2015, 30% in 2016, 40% in 2017, 50% in 2018, 60% in 2019, with adjustments for 2020 and beyond to be determined separately. The related expenditures will no longer be linked to fuel consumption or fuel prices. 1. Situation: Although fuel subsidies can still be received in 2021, the fuel subsidy will be phased out and reduced, and the related expenditures will no longer be linked to fuel consumption or fuel prices. For the relevant assessment system, please refer to the "Notice of the General Office of the Ministry of Transport on Matters Related to the Effectiveness Assessment of the Adjustment of Fuel Price Subsidy Policies for Rural Passenger Transport and Taxis." 2. Taxis: The report mentions that taxis, time-sharing rental cars, and ride-hailing vehicles will become the first echelon to achieve full electrification, with the earliest phase-out in major cities like Beijing and Shanghai by 2020, while cities like Chongqing and Chengdu will become the first to promote new energy vehicles. Traditional fuel vehicles will completely exit the Chinese market by 2030.
I've heard quite a few taxi drivers who operate sports cars talk about this. In 2021, the fuel subsidies for taxis indeed saw a significant reduction. Here, local subsidies were directly halved, and there's been a gradual phase-out at the national level as well. In the earlier years, filling up a tank could get you a 30% rebate, but now you have to dig deeper into your own pockets. Many fleet leaders say this is the policy pushing everyone to switch to electric vehicles, especially with the increasing number of green-plate taxis on the streets. However, night-shift driver Master Zhang reminded me that although fuel subsidies have decreased, the charging subsidies for drivers who switch to electric vehicles have actually increased. Implementation varies by region, so it's best to check the specific documents with the local transport management department or review the supplementary clauses in your signed operation contract.
