New energy vehicle subsidy "XIANPO mechanism" will start: standard downward

At the start of 2015, as new energy vehicles were just implementing new subsidies, the country began stepping up its next phase of subsidies for new energy vehicles.

Recently, the Ministry of Finance, the Ministry of Science and Technology, the Ministry of Industry and the National Development and Reform Commission on the promotion of new energy vehicles to promote the use of financial support for public opinion, in the draft of the request for comment, 2016-2020 years apart from fuel cell vehicles, other models of subsidy standards will be appropriate "Xianpo Among them, 2017 pure electric vehicle, plug-in hybrid vehicle subsidy standard fell 10% on the basis of 2016, 2019 subsidy standard fell 10% on the basis of 2017.

With this in mind, the new policy will follow the existing subsidy Xianpo, emphasizing both the sustainability of the policy and the determination of the country to develop the new energy vehicle industry. Predictably, the new energy vehicle industry is expected to accelerate its march under policy escort. Affected by this, this week SAIC (600104,SH), Jianghuai Auto (600418,sh), BYD (002594,SZ) and other vehicles listed company shares continued to rise, Shanghai Putian (600680,sh), power source (600405,SH) and other related industry sectors are also active.

From the current implementation of the situation, the new energy vehicle subsidy Xianpo system for each city's impact degree is also different. At present, the sales of new energy vehicles mainly focus on pure electric vehicles and plug-in hybrid power products. In Shanghai, because of plug-in hybrid products as the main sales force, the subsidy base relative to pure electric cars smaller, so the contraction is not obvious, and to Beijing as the representative of the pure electric vehicles to promote the city, the subsidy is more obvious contraction.

Beijing market is more sensitive than Shanghai

"From the current sales situation, the subsidy Xianpo for the current main sales of new energy products, almost negligible impact." "SAIC-passenger car related people said in an interview with the Daily economic news reporter.

As the plug-in-type hybrid products are less dependent on the charging pile, Shanghai has already become the main battlefield of plug-in-type mixing, since it has been included in the new energy subsidy and enjoys the free Shanghai licensing policy. SAIC passenger car related people, 2014 sales of more than 2000 of the 550plug-in is basically all in Shanghai. It is understood that BYD Qin 2014 years ago 11 months of 12,900 sales, but also 70% concentrated in Shanghai.

"In the calculation of plug-in hybrid vehicles, the Xianpo range of 10% is not really big." Said the SAIC passenger car. According to the country's previous release of the new energy subsidy standards, the 2013 plug-in hybrid subsidy strength of 35,000 yuan, 2014 Xianpo 5% to 33,250 yuan, 2015 compared to 2013 Xianpo 10% is 31,500 yuan, compared with the previous year to reduce 1750 yuan.

In the value of up to 80,000 yuan in Shanghai licensing preferential policies to attract consumers in Shanghai for 1750 yuan difference is not sensitive. "Our sales terminals are still in short supply, and we will raise the capacity of the 550plug-in in 2015." "SAIC-passenger car-related sources said. Recently, in the first China New Energy Vehicle Consumption Summit Forum, SAIC passenger Car Technology Center Deputy Director Zhu June said, as at the end of December 2014, SAIC sold the accumulated 550plug-in2143, 2015 the car's annual capacity plan to expand to 12,000 vehicles.

However, this effect also varies by city. In Beijing, for example, since plug-in hybrids are not listed as subsidies for new energy vehicles, the market's new energy products are still dominated by pure electric vehicles. Comprehensive Beijing local subsidies and state subsidies, 2015 than 2014 will reduce 3500~6000 yuan, for the Jianghuai iEV4, such as subsidies after the price of 70,000 yuan and other models, the impact is relatively obvious.

A Beijing Jianghuai car dealer told reporters that because of comprehensive subsidy adjustment and consumer indicators due to such factors, the store December 2014 order iEV4 orders sharply rise, "only single shop sales to break through 300 vehicles." Baic's new energy dealer in the same area also told reporters that in order to make up for consumer subsidy spreads over the years, the store also passed a "special policy" to advance the vehicle licences of a group of new energy vehicles by the end of 2014.

Is it more reasonable to define the size of sales?

There is a point of view evaluation, at the beginning of 2015, the state issued a 2016-year ~2020 subsidy policy for the draft, which to some extent stressed the continuity of policy, showing the state's determination to support strategic industries.

This positive factor in the capital market caused a rapid response. This Monday (January 5), a-share market as a whole ushered in a good start, the 000957,sz Bus (Shanghai), SAIC Group, Changan Motor (000625,SZ) and other stocks are trading, Yutong Bus (600066,sh), Jinlong Automobile (600686,sh), Jianghuai automobile, BYD and other shares on the day rose more than 5%.

In fact, since 2014, the state and the Government has introduced a number of tax concessions and local subsidies, licensing and other preferential policies, including joint ventures, autonomy and foreign investment companies have been increasing the number of new energy vehicles, launched the corresponding products.

Statistics from the Ministry of Industry show that 2014 years ago 11 months, China's new energy vehicles cumulative production of 56,700 units, the year-on-year growth of 5 times times. Among them, pure electric passenger car production 25,800, year-on-year growth of nearly 7 times times, plug-in hybrid electric passenger car production 13600, year-on-year growth of 25 times times.

"In the early stages of development, policy subsidies will play a big role." "Auto industry analyst Zhang to the Daily economic news reporter Analysis pointed out that because our country's new energy vehicle industry development is still in the market cultivation period, the sales base is small, so the enterprise's production and development costs can not be amortized, resulting in higher consumption threshold."

"The original intention of policy subsidy should be to reduce the threshold of consumption, and then stimulate market demand and promote industrial development." "Zhang said. In Japan, Europe and the United States and other developed countries, the new energy industry in the early stages of development have adopted a series of subsidies.

According to the medium-term promotion plan of "energy-saving and new Energy automobile Industry Development Plan" (2012-2020 Years), "by 2015, the cumulative sales of pure electric vehicles and plug-in hybrids are striving to reach 500,000, and by 2020, the production capacity of pure electric vehicles and plug-in hybrids is up to 2 million vehicles, Cumulative production volume of more than 5 million units.

"With the continuous volume of new energy vehicles, industry into the market development track, the final policy support will also exit the market." "Zhang thinks.

However, the market pessimism still exists. A new energy vehicle company insiders told reporters that in the new energy vehicles indispensable to promote the charging facilities, the Government's commitment to promote is still not enough. For example, the unified charging standard behind the huge cost of transformation, there is still no clear statement. Although the state has introduced a number of support policies, but in the promotion model, the implementation of the lack of detailed support.

There are insiders believe that the current state subsidy Xianpo mechanism is defined by the timeline, but not directly linked to the scale of sales, so Xianpo mechanism or to the size of sales to define more reasonable.