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2023

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Policy Support for New Energy Vehicles

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In October 2020, the executive meeting of the State Council adopted the New Energy Vehicle Industry Development Plan. The "Plan" shows that starting from 2021, the national ecological civilization experimental zone and key areas for air pollution prevention and control will add or update public vehicles such as public transportation, rental, logistics and distribution, and the proportion of new energy vehicles will not be less than 80%.

In October 2020, the executive meeting of the State Council adopted the New Energy Vehicle Industry Development Plan. The "Plan" shows that starting from 2021, the national ecological civilization experimental zone and key areas for air pollution prevention and control will add or update public vehicles such as public transportation, rental, logistics and distribution, and the proportion of new energy vehicles will not be less than 80%.
In November 2020, the General Office of the State Council issued the New Energy Vehicle Industry Development Plan (2021-2035), calling for the in-depth implementation of the national strategy for the development of new energy vehicles, promoting the high-quality and sustainable development of China's new energy vehicle industry, and accelerating the construction of an automotive power.
On December 27, 2021, the Shanghai Insurance Exchange officially launched the new energy vehicle insurance trading platform, and listed the first batch of new energy vehicle exclusive insurance products of 12 property insurance companies, including PICC P & C, Ping An P & C, and CPIC P & C, to provide support for the landing service of new energy vehicle exclusive insurance products.
Start the pilot work of new energy vehicle power exchange mode application
In April 2021, in order to implement the "New Energy Vehicle Industry Development Plan (2021-2035)" and promote the innovative development of new energy vehicle power exchange models, the Ministry of Industry and Information Technology, in conjunction with relevant departments, issued the "Regarding the Organization and Development of New Energy Vehicle Power Exchange" Notice on Pilot Application of Mode. A few days ago, the General Office of the Ministry of Industry and Information Technology issued the "Notice on Starting the Pilot Work for the Application of New Energy Vehicle Power Exchange Mode", and decided to start the pilot work for the application of new energy vehicle power exchange mode. There are 13 cities included in the pilot scope, including 8 comprehensive application cities (Beijing, Nanjing, Wuhan, Sanya, Chongqing, Changchun, Hefei, Jinan) and 3 heavy truck characteristics (Yibin, Tangshan, Baotou).
New Energy Vehicle Commercial Insurance Exclusive Clause (Trial)
On December 14, 2021, with the increasing popularity of new energy vehicles, their risk characteristics are gradually exposed, which is very different from traditional fuel vehicles. The China Insurance Industry Association held a press conference and officially announced the "New Energy Vehicle Commercial Insurance Exclusive Clause (Trial)".
Five departments: strengthen the construction of new energy vehicle safety system
On April 8, 2022, the Ministry of industry and information technology, the Ministry of public security, the Ministry of transport, the Ministry of emergency management and the General Administration of market supervision jointly issued the guiding opinions on Further Strengthening the construction of safety system of new energy vehicle enterprises (hereinafter referred to as the opinions), proposing to comprehensively improve the overall safety level of new energy vehicles from the aspects of safety management mechanism, product quality and safety, and testing platform efficiency, Create a good consumer market environment for new energy vehicles.
Ministry of Industry and Information Technology: will launch a pilot city for the full electrification of public sector vehicles.
On June 14, 2022, the Propaganda Department of the Central Committee of the Communist Party of China held the eighth press conference of the "China's Decade" series to introduce the achievements of industrial and informatization development since the 18th National Congress of the Communist Party of China. At the meeting, Xin Guobin, deputy minister of the Ministry of Industry and Information Technology, said when introducing the development of new energy vehicles that the Ministry of Industry and Information Technology will optimize the "double points" management method, increase breakthroughs in new system batteries, vehicle operating systems, etc., and start public vehicles. Pilot cities for full electrification.
In 2022, according to the latest policy, the new energy vehicle purchase tax exemption policy originally scheduled to expire at the end of 2022 will be postponed until the end of 2023. According to data released by the State Administration of Taxation on August 31, 2022, in the first seven months of 2022, new energy vehicles were exempted from vehicle purchase tax of 40.68 billion billion yuan, an increase of 108.5 percent over the same period last year.
Three departments: continuation of new energy vehicles exempt from vehicle purchase tax policy
On September 26, 2022, the Ministry of Finance website reported that the Ministry of Finance, the State Administration of Taxation, and the Ministry of Industry and Information Technology issued an announcement on the continuation of the vehicle purchase tax exemption policy for new energy vehicles. On October 5, CCTV news client news, it is understood that the new energy vehicle purchase tax exemption policy was extended to December 31, 2023, the policy is good, directly reduce the cost of consumers to buy cars, promote car consumption.