What is the new policy for new energy vehicle subsidies?
2 Answers
New policy details: 1. Duration: The financial subsidy policy for the promotion and application of new energy vehicles has been extended until the end of 2022. 2. Proportion: In principle, the subsidy standards for 2020-2022 will be reduced by 10%, 20%, and 30% respectively compared to the previous year. 3. Upper limit: The annual subsidy scale is capped at approximately 2 million vehicles in principle. 4. Price range: The pre-subsidy price of new energy passenger vehicles must be below 300,000 yuan (inclusive). 5. Mileage subsidy: For pure electric passenger vehicles, the subsidy for driving range is now divided into only two tiers, and vehicles with a range below 300 km will no longer receive subsidies. 6. Changes: Nearly four months after the release of the new subsidy policy, significant changes have emerged in the new energy vehicle market, revealing potential adjustment space.
I just picked up a new energy vehicle last month, and now the subsidy policies have changed. The national-level cash subsidies basically ended by the end of 2022. Currently, the main benefit is the exemption from purchase tax, which is extended until 2027, saving about 10% of the car's price. For example, I saved over 8,000 yuan by buying a pure electric vehicle. Local governments like Beijing or Shanghai still offer additional subsidies, but the quotas are limited and hard to secure. The policy has shifted to support charging station construction and automakers' R&D, such as improved battery range, quieter driving, and cost savings. Overall costs have decreased, making it both eco-friendly and affordable for young people. I recommend checking local government websites for policy details before buying, rather than just listening to sales pitches. In the long run, lower electricity costs and less maintenance make EVs much more cost-effective than gasoline cars.
