New Energy Vehicle Subsidy Policy Formally Released

On September 17, the Ministry of Industry and Information Technology released the Notice on Continuing the Promotion and Application of New Energy Vehicles issued by the Ministry of Finance, the Ministry of Science and Technology, the Ministry of Industry and Information Technology, and the four ministries and commissions of the National Development and Reform Commission (Caijian (2013) No. 551), which means new energy sources. The subsidy policy for automobile promotion and application was formally introduced, and the specific amount of subsidy was also implemented. Among them, the passenger car is based on the pure electric mileage (R), and the plug-in hybrid passenger car (including extension) R ≥ 50 per vehicle allowance 3.5 Million yuan, pure electric passenger cars 80 ≤ R <150 per vehicle 35,000, 150 ≤ R <250 per vehicle 50,000, 250 ≤ R 60,000 yuan per vehicle.

The full text of the notice is as follows:

The departments of finance (bureaus), science and technology (bureaus, science and technology commissions), industrial and informatization departments, and development and reform commissions of all provinces, autonomous regions, municipalities directly under the Central Government, and cities planning separately:

In order to accelerate the development of the new energy automotive industry, promote energy conservation and emission reduction, and promote air pollution control, the State Council has approved the approval of the State Council, and from 2013 to 2015, it will continue to promote the application of new energy vehicles. The relevant subsidy policy is hereby notified as follows:

1. Relying on the promotion and application of new energy vehicles in cities (1) Continue to rely on cities to promote the use of new energy vehicles, especially in megacities. Focusing on areas with heavy particulate matter such as the Beijing-Tianjin-Hebei region, the Yangtze River Delta, and the Pearl River Delta, the selection of mega-provincial cities or urban agglomerations with higher enthusiasm will be implemented.

(b) Demonstration cities or regions must meet the following conditions:

1. From 2013 to 2015, the cumulative number of new energy vehicles in super large cities or key regions will be no less than 10,000 vehicles, and the cumulative promotion volume in other cities or regions will not be less than 5,000 vehicles.

2. The number of foreign brands used in the promotion and application of vehicles shall not be less than 30%. Do not set or disguise obstacles to limit the purchase of foreign brand vehicles.

3. The purchase of vehicles from government agencies, public institutions and other fields should be tilted toward new energy vehicles, and the proportion of newly-added or updated public transport, official, logistics, and environmental sanitation vehicles in new energy vehicles should not be less than 30%.

4. Local governments have issued specific and clear policies and measures regarding the purchase of new energy vehicles, bus operations, and the construction of supporting facilities.

5. The relevant cities must be subject to annual assessments, and those that fail to complete the annual promotion goals will be eliminated.

(3) Cities that can meet the above conditions can compile implementation plans for the promotion and application of new energy vehicles and report them to the Ministry of Finance, the Ministry of Science and Technology, the Ministry of Industry and Information Technology, and the National Development and Reform Commission (hereinafter referred to as the “four ministries and commissions”) level by level before October 15. . The four ministries will review and evaluate the submitted plan and select the best ones to determine the list of model cities.

Second, subsidies are given to consumers to purchase new energy vehicles. (1) The scope of subsidies. The new energy vehicle models that are included in the scope of the central government subsidies should be qualified pure electric vehicles, plug-in hybrid vehicles, and fuel cell vehicles. The focus will be on increasing the promotion of new energy vehicles in government agencies, public institutions, and public transportation.

(b) The recipient. The target of assistance is the consumer, who pays after deducting the subsidy at the sales price.

(c) Funding. The central government allocates the subsidy funds to new energy automobile production enterprises, and implements quarterly advances and annual liquidation. After the product is sold, the manufacturer submits a pre-funded application for the subsidy funds to the financial and science and technology departments where the enterprise is registered at the end of each quarter. The local finance and science and technology departments shall report to the Ministry of Finance and the Ministry of Science and Technology after the review. After the four ministries and organizations have reviewed and approved the funds, they will be allocated funds for the relevant enterprises. After the end of the year, the subsidy funds will be liquidated according to the verification results.

(d) Subsidy standards. The subsidy standard is based on the basis price difference between new energy vehicles and similar traditional automobiles, and considers the scale effect, technological progress and other factors to degrade each year. The specific subsidy for 2013 is attached. In 2014 and 2015, the subsidy standards for pure electric passenger vehicles, plug-in hybrid (including incremental) passenger vehicles, special electric vehicles, and fuel cell vehicles decreased by 10% and 20%, respectively, on a 2013 basis; The standard of buses for pure electric buses and plug-in hybrids (including extensions) remains unchanged.

3. Giving Financial Awards to the Construction of Model City Charging Facilities The central government will arrange funds to give comprehensive awards to model cities. The award funds will be mainly used for the construction of charging facilities. Specific incentives and standards will be formulated separately.

Ministry of Finance Ministry of Industry and Information Technology Development and Reform Commission September 13, 2013