What is the national subsidy for hybrid electric vehicles?
2 Answers
According to the 2021 new energy vehicle subsidy notice issued by the Ministry of Finance: plug-in hybrid vehicles with a pure electric range of less than 50 kilometers are not eligible for subsidies, while those with a range of more than 50 kilometers receive a subsidy of 6,800 yuan. Below is extended information about hybrid electric vehicles: 1. Overview: A hybrid system refers to a setup where, when the vehicle does not require high power from the engine, part of the engine's power is used to generate electricity and stored in the battery. Additionally, the kinetic energy reduced during vehicle deceleration and braking is converted into electrical energy and stored in the battery. This is the source of "electricity" in hybrid dual-power technology. 2. Advantages: Generally, for vehicles of the same displacement and model, the hybrid version can save up to 30% on fuel consumption.
When I bought a new car last year, I carefully researched government subsidies. The national subsidies for hybrid vehicles have basically ended now. Previously, plug-in hybrid vehicles like BYD models with a pure electric range of over 50 kilometers could receive subsidies ranging from several thousand yuan up to more than ten thousand. However, starting in 2023, the national subsidies have been completely canceled. But don’t worry, local policies still offer benefits. In big cities like Shanghai and Beijing, there are additional discounts or exemptions from purchase taxes, saving you several thousand yuan in car costs. I recommend checking the local DMV website before buying a car and considering long-term savings—hybrid cars have lower fuel consumption, saving you hundreds on gas each month, making them cost-effective in the long run. Nowadays, when buying a car, it’s important to negotiate discounts with dealers actively, as they sometimes run promotions that can offset part of the subsidy loss. Overall, policies are shifting toward supporting autonomous driving and battery innovation.