China's Formulation of a Ten-year Plan for the Development of New Energy Vehicles

According to reports, the “Energy Conservation and New Energy Vehicle Development Plan (2011-2020)” (hereinafter referred to as the “Planning”) has been completed and led by the Ministry of Industry and Information Technology. The “Planning” is expected to become an important policy leading the development of China's new energy automotive industry. . This "plan" details the development goals and a series of supporting methods for China's energy-saving and new energy vehicles.

Market scale desires first in the world

According to reports, according to the "planning", pure electric vehicles will become an important strategic direction for the transformation of the automotive industry. China will eventually realize the industrialization of plug-in hybrid and pure electric vehicles, and will accelerate the development of fuel cell vehicle technology.

"Planning" details the development goals of China's energy-saving and new energy vehicles. By 2020, the industrialization and market scale of new energy vehicles will reach the top in the world, among which new energy vehicles (plug-in hybrid vehicles, pure electric vehicles) , hydrogen fuel cell vehicles, etc.) The number of vehicles reached 5 million, and the sales of energy-saving cars represented by hybrid vehicles reached the top in the world, with an annual sales volume of 15 million vehicles.

In order to accomplish the above goals, the development of China's energy-saving and new energy vehicles will be a two-step process from easy to difficult: from 2011 to 2015, we will vigorously develop energy-saving vehicles. On the one hand, it will increase the fuel economy of traditional cars, and on the other hand, it will realize the large-scale industrialization of ordinary hybrid cars, and the planned number of medium- and heavy-duty hybrid passenger cars will exceed 1 million; from 2016 to 2020, traditional cars will be built. The fuel economy has been improved to the international advanced level, large-scale popularization of hybrid vehicles, annual sales of medium- and heavy-duty hybrid passenger cars exceed 3 million, and pure electric vehicles and plug-in hybrid vehicles have achieved industrialization. More than 5 million cars are expected.

According to the “Planning”, in 2015, the average fuel consumption of new passenger vehicles will be 35% lower than in 2008, to 5.9 liters/100 km. In 2020, the average fuel consumption of new passenger cars will reach 4.5 liters per 100 kilometers. It is said that this standard is already higher than the United States and is at the same level as the EU.

It is recommended to invest a huge amount of financial support

According to reports, the "Plan" clearly stated that it is necessary to form 3 to 5 backbone enterprises for new energy vehicles, and form 2 to 3 key components such as power batteries and motors with independent intellectual property rights and strong international competitiveness. Industry concentration reached 80% or more.

The "plan" recommends that the central government set up special subsidy funds and grant subsidies for tax deductions. In the next ten years, the central government will probably use more than 100 billion yuan in huge funds to support the development of the energy-saving and new energy automotive industry chain. Including the special fund for the development of energy-saving and new energy auto industry, it mainly supports the research and development of key technologies and industrialization, supports the demonstration and promotion funds for new energy vehicles, promotes energy-saving automobile funds focusing on hybrid vehicles, and supports the core auto parts industry. Develop and pilot funding for urban infrastructure project construction.

The "planning" suggests that consumers who buy energy-saving and new energy vehicles should be exempted from vehicle purchase tax and consumption tax, or even be exempt from vehicle and boat taxes. Related auto companies will enjoy the state's preferential income tax policy for hi-tech enterprises.