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What is the impact of new energy vehicle subsidy policy on low-range electric vehicles

Aug 22, 2019   Pageview:584

Although the importance of new energy vehicles has been highlighted, but in the early stage of development, the link with industrial policy is still very close. On February 13, the ministry of finance, the ministry of industry and information technology, the ministry of science and technology and the national development and reform commission jointly issued the "notice on adjusting and improving the fiscal subsidy policy for the promotion and application of new energy vehicles" (hereinafter referred to as the "notice"), and the new subsidy policy was officially implemented.

Before the introduction of the new policy, the industry is generally worried about the subsidy decline will affect the sales of new energy vehicles, but the reporter through market research and data analysis found that the situation is not as expected.

China sold 142,600 new energy vehicles in the first quarter of this year, up 154.3 percent year-on-year, according to the China association of automobile manufacturers. China's new energy vehicle sales are expected to exceed 1 million this year, said ye shengji, deputy secretary-general of the China automobile association.

New energy sales surged 152 percent in the first quarter

The 15th Beijing auto show kicked off on April 25. As an important direction for the development of the industry, new energy vehicles have become a highlight of the auto show, with 174 models on display, including 124 from Chinese auto companies.

A few days ago, the reporter visited a number of new energy car 4S stores in Beijing and found that compared with the end of last year, the number of consumers purchasing cars increased significantly. "New energy cars have been selling well these days, and now there aren't many in stock." Beijing auto new energy 4S shop sales staff to the "daily business news" reporter.

Regarding this, yan jinghui, an auto industry analyst, pointed out that the new subsidy policy is not to reduce the subsidy amount in a blanket way, but to link the subsidy with technical indicators such as battery energy density and vehicle mileage, so it did not cause a sharp rise in the sales price of the market terminal, and it did not affect the overall sales volume.

As far as yan jinghui is concerned, the new policy is forcing auto companies to upgrade their technologies. The cost of upgrading will be Shared by auto companies, consumers and new energy subsidies. As a result, auto companies upgrade their technologies, consumers get better products and the government creates a better market environment.

In fact, in the first quarter of this year, China's new energy vehicle growth hot. According to the China association of automobile manufacturers, 129,400 new energy passenger vehicles were sold in China from January to march, up 152 percent year-on-year, while 13,200 new energy commercial vehicles were sold, up 179.6 percent year-on-year.

Ye shengji believes that the following months of this year are expected to continue to be good, with the total annual sales volume expected to exceed 1 million and the new energy passenger vehicles expected to reach 800,000.

China sold 770,000 new energy vehicles and 578,000 new energy passenger cars last year, data shows. Now the annual growth rate of the first quarter can be maintained, it is not difficult to break through 1 million vehicles.

Auto companies adjust new energy model planning

Despite the introduction of the new subsidy policy, the terminal sales volume has not been affected, but many car companies' new energy development strategy is being adjusted.

When the reporter visited the market, he found that the update and upgrading trend of new energy automobile products was obvious this year. Many automobile companies launched models with higher mileage, and stopped selling and eliminated the old models with low mileage.

The above sales staff of baic new energy 4S store said that in the face of the new policy, auto companies choose to improve technical indicators such as mileage and launch new models. For the old products with low technical indicators, auto companies will not add the reduced subsidies to the selling price to continue the sales, but directly stop the sales.

Technology upgrading was supposed to be a part of the development of new energy vehicle companies, but the introduction of new subsidies prompted them to accelerate the pace of upgrading and adjust their previous development strategies.

The head of an electric car company told reporters that his company had planned to increase the range of its new energy products, but the new subsidy policy increased the range requirements, so that the plan cannot adapt to the new requirements, so it had to adjust.

On the whole, it is the actual effect of the new subsidy policy to force automobile enterprises to accelerate technological upgrading without affecting market sales volume, which is exactly the original intention of the policy. It can be predicted that in the future, high-endurance range, high-battery capacity density and other products with technology highlights will become the focus of car enterprises' layout, and low-endurance products such as low-speed electric vehicles will gradually withdraw from the market.

The page contains the contents of the machine translation.

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