Recently, the Ministry of Finance, the Ministry of Industry and Information Technology, the Ministry of Science and Technology and the Development and Reform Commission (hereinafter referred to as the four ministries) jointly issued the Notice of the Development and Reform Commission of the Ministry of Industry and Information Technology of the Ministry of Finance on the Financial Subsidy Policy for the Promotion and Application of New Energy Vehicles in 2022 (Cai Jian [2021] No.466, hereinafter referred to as the Notice), which is now interpreted as follows:
First, about the background of the "Notice"
In accordance with the decision-making arrangements of the CPC Central Committee and the State Council, since 2009, the Ministry of Finance and relevant departments have strongly supported the development of new energy automobile industry. Thanks to the joint efforts of all parties, the technical level of new energy vehicles in China has been continuously improved, and the product performance has been significantly improved. The production and sales scale has ranked first in the world for six consecutive years.
In April 2020, the four ministries and commissions jointly issued the Notice on Improving the Financial Subsidy Policy for the Promotion and Application of New Energy Vehicles (Cai Jian [2020] No.86), which clarified that "in principle, the subsidy standards for 2020 -2022 will be reduced by 10%, 20% and 30% respectively on the basis of the previous year, and the vehicles that meet the requirements in the public transportation field will not be reduced in 2020. In 2021, the new energy automobile industry still achieved substantial growth in the face of adverse effects such as global epidemic spread and chip shortage, and the industrial development trend was good. In 2022, the subsidy policy will continue to decline in an orderly manner according to the established arrangements, creating a stable policy environment. The four ministries and commissions jointly issued the Notice in the near future, clarifying the relevant requirements of the financial subsidy policy.
Two, about the new energy vehicle purchase subsidy standard in 2022
According to document No.86 [2020] of Caijian, the subsidy standard for purchasing new energy vehicles in 2022 will be reduced by 30% on the basis of 2021; For new energy vehicles that meet the requirements in urban public transport, road passenger transport, rental (including online car rental), sanitation, urban logistics and distribution, postal express delivery, civil aviation airports and official fields of party and government organs, the subsidy standard in 2022 will be reduced by 20% on the basis of 2021. According to this, the "Notice" clarifies the subsidy standards for different types and different fields of vehicle products, and will be implemented as of January 1, 2022.
III. Requirements for technical indicators of new energy vehicle products in 2022
In recent years, under the guidance of subsidy policy, the supply quality of new energy automobile products in China has been continuously improved, the technical level has been significantly improved, and the practicality of products has been greatly improved. According to document No.86 [2020] of Caijian, "In principle, the technical indicators will be generally stable in 2021-2022", the purchase subsidy policy in 2022 will keep the thresholds of technical indicators such as energy density, driving range and energy consumption of the power battery system unchanged, and stabilize enterprise expectations.
Four, on the clear purchase subsidy deadline node
According to the requirements of Caijian [2020] No.86 document, the implementation period of financial subsidy policy for the promotion and application of new energy vehicles will be extended to the end of 2022, taking into account factors such as technological progress and scale effect. Considering the development plan of new energy automobile industry, market sales trend and the smooth transition of enterprises, in order to maintain the good development momentum of new energy automobile industry and stabilize the expectations of the industry and consumers, the Notice clarifies that the subsidy policy for new energy automobile purchase will be terminated on December 31, 2022, and vehicles that are licensed after December 31 will no longer be subsidized.
V. On Further Strengthening Product Safety Supervision
The safety of new energy automobile products concerns the vital interests of consumers and is an important guarantee for the healthy and orderly development of new energy automobile industry. In recent years, new energy vehicle products with intelligent networking characteristics have been gradually applied to the market, and the problems such as data security and network security have become important concerns. Fires and safety accidents of new energy vehicles still occur from time to time in China. In order to further strengthen product safety supervision, ensure vehicle quality and information safety, and effectively protect the interests of consumers, the Notice clearly puts forward measures such as improving the safety supervision system of new energy vehicles and further compacting the main responsibilities of new energy vehicle manufacturers. At the same time, an inter-departmental information sharing mechanism and a vehicle accident reporting system will be established around vehicle fires, major accidents, etc. For enterprises that conceal accidents and do not cooperate with the investigation, the vehicle subsidy qualification will be suspended or cancelled according to the seriousness of the case.