Understanding lithium demand, page-557

BYD to release new energy subsidy program

Wang Lin
2019-06-29 06:00
[Car home industry]
Recently, BYD announced its new energy vehicle subsidy policy. It is reported that before October 31 this year, anyone who purchases BYD's new energy vehicle products can enjoy the "2018 new energy full subsidy."



As early as March of this year, the Ministry of Finance issued the "Notice on Further Improving the Financial Subsidy Policy for the Promotion and Application of New Energy Vehicles" and the "New Energy Vehicle Promotion Subsidy Program and Product Technical Requirements" in conjunction with the Ministry of Industry and Information Technology, the Ministry of Science and Technology and the four ministries and commissions of the National Development and Reform Commission. The notice clearly pointed out that according to the factors such as the scale efficiency of new energy vehicles, the decline of costs, and the withdrawal of subsidy policies, the subsidy standards for new energy passenger cars, new energy buses and new energy trucks will be reduced.

In addition, local governments should also improve their policies. After the transition period, they will no longer subsidize new energy vehicles (excluding new energy buses and fuel cell vehicles) and support the construction of “short board” for charging (including hydrogenation) infrastructure. And supporting operations and other aspects. If the local government continues to grant subsidies for purchase, the central government will deduct the relevant financial subsidies accordingly, and the transition period will be as of June 25.



"BYD Tang New Energy"

That is to say, starting from June 26, the subsidy for new energy vehicles will be implemented in accordance with the new subsidy policy. With the official implementation of the New Energy Vehicle Subsidy New Deal, the amount of subsidies that end consumers can receive when purchasing new energy vehicles will drop sharply. Correspondingly, the cost of car purchase will increase substantially, and the maximum increase may reach 10,000 yuan.

In this context, BYD officially released its corporate version of the new energy vehicle subsidy policy, consumers who purchase BYD's new energy vehicle products before October 31 can enjoy the "2018 new energy full subsidy", that is Compared with the national version of the 2019 new energy vehicle subsidy policy, the amount of subsidies that consumers will lose when buying a car will be borne by BYD, which will be a good news for consumers. (Text / car home Wang Lin)