What does the dual credit policy for automobiles mean?
1 Answers
Dual credits refer to the Corporate Average Fuel Consumption (CAFC) credit and the New Energy Vehicle (NEV) credit for passenger vehicle manufacturers, with both credits being calculated based on the performance of passenger vehicle manufacturers. Below are the specific details about fuel consumption credits: 1. Calculation formula: Fuel consumption credit = (Standard value - Actual value) * Actual production volume. If a manufacturer meets the standard, it will generate positive fuel consumption credits; if not, it will generate negative fuel consumption credits. 2. Based on driving range: The actual value and target value of NEV credits are calculated according to the per-vehicle credits based on driving range, the NEV credit ratio requirement for manufacturers, and the production and import volume of NEVs. If the actual value exceeds the target value, it results in positive NEV credits; otherwise, it results in negative NEV credits.