What is the new policy for new energy vehicle subsidies?
4 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.
Let's discuss the new subsidy policies from an industry perspective. The national subsidy was canceled at the end of last year, with the focus shifting to the exemption of purchase tax in 2024. Pure electric vehicles will be exempt until 2027, while local subsidies are also decreasing. However, the government is supporting the construction of more charging station networks. This change is pushing automakers to focus more on technological innovations, such as autonomous driving and battery recycling, enhancing market competitiveness. The cost of purchasing a car is lower than in previous years, making it a good time to buy a new energy vehicle. The policy shift emphasizes sustainable transportation, and a credit system may be introduced in the future to incentivize clean technologies. Consumers should pay attention to brand reliability and not be misled by low prices.
Our family just bought a new energy vehicle to save money. The new subsidy policy has canceled the national cash subsidy, but we can still enjoy the exemption of vehicle purchase tax, saving thousands of yuan on the car price. In some regions like Guangdong, subsidies are limited and hard to get, so it's best to check the government website before purchasing. Electricity costs are cheap, making it more economical than gasoline cars in the long run. Policy changes don't significantly affect savings, just choose new models.
