New energy vehicle "cost" subsidy is more effective

With today's increasingly profound environmental protection concept, how can we effectively promote the market share of new energy vehicles? It is not obvious that the government will directly subsidize the purchase of new energy without license fees. The subsidy of "cost" in the use of a series of new energy vehicles such as electric vehicle charging may be even more motivating.

When the license plate price has exceeded 65,000 yuan, Shanghai has launched a New Deal for new energy vehicles that can be freely sold on the Shanghai market. There is no doubt that this policy has an incentive for the production and operation of new energy vehicles in the Chinese automotive market. According to relevant government departments in Shanghai, after the implementation of the new policy in Shanghai, some consumers with strong energy conservation and environmental awareness will switch to new energy vehicles, and the number of people participating in quota auctions will then decrease, which will have a series of impacts on the winning bid rate and winning bid prices.

New energy vehicles refer to all other energy vehicles except gasoline and diesel engines, including fuel cell vehicles, hybrid vehicles, hydrogen energy vehicles, and solar cars. Its exhaust emissions are relatively low. The world now has more than 4 million LPG vehicles and more than 1 million natural gas vehicles. According to the China Association of Automobile Manufacturers sales report, from January to August this year, a total of 6019 new energy models were sold, including 2661 pure electric vehicles and 3358 hybrid vehicles. This year's new energy car sales in the country to encourage new energy vehicles to stimulate the policy, performance is still good. But so far, only about 60,000 new energy vehicles in the entire Chinese auto market have been compared to the number of new energy vehicles in the world. Compared to the previous years, the annual sales volume of the Chinese auto market is more than 10 million. The record is really insignificant.

The new energy vehicles in the Chinese automobile market are mainly hybrid vehicles, and some are pure electric vehicles. The advantages of the two do not need to be described. The disadvantage of hybrid vehicles is that long-distance high-speed driving basically does not save fuel, which means that the advantages of its environmental protection and fuel-efficient no longer exist. The disadvantages of pure electric vehicles are not only the inconvenient charging of roads, but also the fact that the batteries of electric vehicles are more expensive, and they have not formed an economic scale, so the use cost is more expensive than that of automobiles.

The biggest drawback of new energy vehicles, that is, the most important reason why they cannot be widely promoted is that they are expensive. From the perspective of Shanghai's new energy auto market, there are not many types of new energy vehicles and they are expensive. BYD (002594) has more than 200,000 new energy vehicles, 2.6 million yuan for the Prius, 250,000-32 million for the Camry hybrid, and 280,000 yuan for the old Civic hybrid.

According to such prices, even if you apply for a licence for free, from the cost price calculation, comparing the price of more than 100,000 yuan of the same type of car with the license fee, how many people will buy new energy vehicles? Shanghai's free policy of licensing new energy vehicles has a limited effect on stimulating the sales of new energy vehicles. The auction of current car licenses will probably not be as influential as Shanghai's relevant government departments anticipate.

The government certainly understands the future of new energy vehicles. As a sunrise industry that represents the future trend, public finances need and have the responsibility to support and subsidize them. A few years ago, the country began to subsidize new energy vehicles. In May this year, the country decided that the new energy vehicle project will receive 1 billion to 200 million yuan of funds each year. However, according to the sales price of the new energy vehicle market, the state's subsidies do not seem to be reflected.

As a new thing, new energy vehicles have not yet been opened in the current market. The state financial subsidies are to help them stand up in the market. New products must stand firm in the market, but in two points, one is in the quality of goods, reflected in the new energy vehicles to technical clearance, easy to use; second is the sales price down.

As far as Shanghai is concerned, we believe that it may be a subsidy to “cost” the use of a series of new energy vehicles, such as charging electric vehicles, rather than exemption from license fees and other direct subsidies for the purchase of new energy. We suggest that Shanghai should stipulate by local laws and regulations or other means that electric vehicle charging equipment should be installed in buildings, residential parking garages and other places where conditions permit. In addition, we should also promote the standardization of electric vehicle batteries and try to swap batteries for electric cars. This will make it easier for city charging stations to charge up beforehand to facilitate replacement of owners who need to be charged at any time.

At present, incentive policies for new energy vehicles, in addition to free licensing, are also exempt from vehicle tax. However, if the state's financial subsidies for new energy vehicles are not directly used in the sales and research and development of new energy vehicles, the incentives of these policies are limited.