How much impact will the implementation of China VI have on China V?
2 Answers
According to the China VI standards, the emissions from China IV and China V vehicles will have minimal impact on our future lives. Currently, the number of China III, China IV, and China V vehicles in China is enormous, and the government cannot enforce a blanket ban. The nationwide implementation of "China VI" will pressure owners of vehicles below the China VI standard to replace their cars. If this is enforced, it could develop into a social issue. The impact of China VI on China V vehicles is that they will depreciate faster. For China V vehicle owners, the good news after the implementation of the new China VI standard is that they can still drive normally without affecting the vehicle's regular use. However, with the implementation of the China VI emission standard, the resale value of China V used cars will undoubtedly show a downward trend, meaning they will depreciate faster after China VI is implemented. Although the implementation of the China VI standard poses a depreciation risk for China V vehicles, it also presents a great opportunity for consumers to "snag a bargain." After China VI is launched, China V models will have certain discounts, making them a viable option for buyers in second- and third-tier cities. Overall, under current circumstances, the implementation of the China VI emission standard has limited impact on China V models, which can still be driven normally, though it will affect the resale value of older vehicles.
To be honest, as an experienced driver who has owned a China V standard vehicle for 10 years, the implementation of China VI standards has had a significant impact. The most direct effect is the steep drop in used car prices—for example, my old car, which could have sold for 100,000 RMB, is now worth only about 50,000 RMB, depreciating by more than half. Many cities have also imposed restrictions, like Beijing and Shanghai, where China V vehicles can't enter central areas, making daily commutes more troublesome. Maintenance costs have risen too, with parts harder to find and servicing expenses doubling. Additionally, the used car market has become sluggish, as China VI-compliant new cars are being promoted quickly, and everyone is chasing the new rather than buying the old. In the long run, China V vehicles might face mandatory phase-out within five years, so it's wise to plan ahead. While environmental progress is a good thing, the losses for us car owners are substantial. It's advisable to consider replacing the car or installing emission-reduction equipment soon, or else stricter restrictions in the future could become a real headache.
