Commercial vehicle's highest subsidy of 18,000 new energy vehicles is expected to be exempt from purchase tax

The State Council arranged a subsidy of 6 billion yuan to support the promotion of energy-saving vehicles with a displacement of 1.6 liters and below. "The voice has not fallen." On June 13, the Ministry of Finance and the Ministry of Commerce jointly issued an announcement to clarify the scope of subsidies and subsidy standards for obsolete vehicles in 2012. , The target of this subsidy is commercial vehicles, and the high subsidy standard is 18,000 yuan. But this is not all of the new round of consumer policies in the auto market. The State Council will issue relevant documents in the near future. New energy vehicles are expected to be exempt from vehicle purchase tax and reduce the value-added tax rate of 13%. In addition, the reporter was informed that by the end of this year, the policy for cars to the countryside is expected to be restarted.

New Deal 1
Cash subsidies for commercial vehicles "trade-in"

On June 13, the Ministry of Finance and the Ministry of Commerce jointly issued the "Interim Measures for the Administration of Subsidy Funds for Retirement of Old Automobiles". This time, "commercial vehicles" were the first beneficiaries. The announcement stipulates that subsidized vehicles fall into three categories: one is subsidizing scrapped rural passenger vehicles at 11,000 yuan; the second is subsidizing urban buses for renewal and the service life of old vehicles is between 8 and 15 years. Vehicle subsidies are between 11,000 and 18,000 yuan; the third is for heavy-duty trucks with a total mass of more than 12 tons that have been used for more than 10 years and less than 15 years, and each vehicle will be subsidized by 18,000 yuan. The subsidy period is from now until December 31, 2012.

Analysts believe that the subsidy is actually a trade-in. “Subsidy for agricultural vehicles, buses, and trucks is a relatively safe policy. On the one hand, it can reduce the burden on the auto market, and on the other hand, it will not lead to abnormal development of the auto market due to excessive stimulation.” It is understood that when the financial crisis struck in 2008, the government introduced preferential policies for car trade-in and car-to-ruralism, which led to the blind expansion of production capacity by car companies and the rampant production of technologically backward models. Not only did the consumer structure fail to be effectively adjusted, but SUVs and luxury cars Sales are extremely hot.

New Deal 2
Tax cuts help the development of mid-strong hybrid vehicles

After commercial vehicles, new energy vehicles will also benefit from policies. Zhang Xiangmu, Director of the Equipment Industry Department of the Ministry of Industry and Information Technology, recently stated that the "Energy-saving and New Energy Automobile Industry Development Plan (2012-2020)" will be issued and implemented by the State Council in the near future.

Planning stipulates that from 2011 to 2020, the purchase of pure electric vehicles and plug-in hybrid vehicles will be exempted from vehicle purchase tax; from 2011 to 2015, Zhongqiang hybrid vehicles will levy vehicle purchase tax, consumption tax and vehicle and ship tax by half. Converted into car prices, the former can save about 10% of the car purchase cost, while the latter can reduce the comprehensive tax burden by 15%. In addition, the value-added tax rate and corporate tax deduction will also be adjusted. From 2011 to 2020, the value-added tax rate for companies selling new energy vehicles and their key components will be adjusted to 13%. The state encourages auto companies to produce and sell new energy vehicles with "big fanfare".

However, it is understood that the reliability and durability of pure electric vehicles and plug-in hybrid models have not yet been verified by the market, and the charging and swapping infrastructure has not yet been fully popularized; it still takes a long time to convince consumers to buy. Between the two, mid-strong hybrid models are more favored by consumers, and Toyota and Honda may use this to realize the "return of the king." Since last year, Toyota has successively launched CT200h, new Prius and new Camry hybrids, while Honda plans to introduce Insight and CRZ.

predict
"Cars to the countryside" or restart in the second half of the year

Different from the previous two policies, which are already “fixed”, the restart of the car to the countryside at the end of the year has not yet been finalized. Government ministries are still negotiating. However, it is reported that the policy will soon be launched and implemented at the end of June. Prior to this, Chongqing Municipality launched a new round of policies for autos to the countryside, which aroused widespread concern.

According to statistics, from 2009 to 2010, the government implemented the auto-to-countryside policy and invested 4.97 billion yuan. Together with the “half the purchase tax on vehicles below 1.6L”, it stimulated the growth of the auto market and directly promoted the sales of more than 1.5 million vehicles, accounting for nearly 1.5 million vehicles. 10% of total car sales that year.

Experts analyzed that the obvious effect of the car going to the countryside is that it benefits from a large number of vehicle models and a wide audience, which directly drives the growth of the auto market; but its shortcomings are also obvious, which can easily cause low-level repeated expansion of auto companies and delay the upgrading and improvement of the industrial structure. It is generally believed that the sluggish auto market from last year to the present has largely paid for the policy stimulus in 2009. There are suggestions that policies should guide the automobile industry to develop more competitively in the long-term, so that automobile consumers can return to a reasonable track, and not blindly follow or follow the trend.

sound
Subsidies to purchase cars harms social equity

Regarding the new round of auto consumption subsidy policies, some opponents believe that the Chinese auto market has maintained a momentum of rapid growth in the past 10 years, and has now surpassed the United States to become the world's largest market, with annual production and sales of more than 18 million vehicles-so successful, do not think about feeding back. But asking for policy support is not justified by reason. Car buyers are in the middle-to-high-end position in the society, and their subsidies violate social fairness. Opponents also believe that the overcapacity of mid-to-high-end vehicles is already obvious, and the new round of stimulating consumption may lead to the risk of blind investment and failure to replace and upgrade outdated production capacity.

Some people in the industry pointed out that in fact, judging from the existing policies, the government is extremely cautious so as not to disturb the industry planning and market order. Subsidies for commercial vehicles and new energy vehicles focus more on model upgrades. Cars to the countryside and car trade-in have not been introduced together, and more are still waiting and watching, and we do not rule out following the macro economy.