What does fuel consumption credit mean?
1 Answers
Fuel consumption credit = (Standard value - Actual value) * Actual production volume. If an enterprise meets the standard, it will generate positive fuel consumption credits; if it fails to meet the standard, it will generate negative fuel consumption credits. Positive fuel consumption credits can be carried forward and transferred among affiliated enterprises. Positive new energy vehicle credits can be freely traded but cannot be carried forward. Negative fuel consumption credits and negative new energy credits must be offset and balanced within the year the report is issued, meaning negative credits generated in the previous year must be offset to zero in the current year. Below is an introduction to the credits: 1. Obtaining fuel consumption credits: Only with an excellent engine + top-tier dual-clutch transmission + widespread mild hybrid system can fuel consumption credits be achieved. 2. Dual credits: A 4% share of new energy vehicles can meet the new energy credit requirement, while an 80% share of mild hybrids is needed to meet the fuel consumption credit requirement.