The first reaction is the local government. In early March, Foshan, Guangzhou and other places took the lead in implementing favorable policies to stimulate automobile consumption. Up to now, more than 27 provinces and cities across the country have introduced relevant policies, including financial subsidies, tax relief, relaxation of purchase restrictions, and encouragement of "cars going to the countryside".
New energy vehicles have become the biggest beneficiaries.
On April 22nd, the Announcement of the Three Departments on Policies Concerning Exemption of Vehicle Purchase Tax for New Energy Vehicles made it clear that the exemption of vehicle purchase tax for new energy vehicles will last until the end of 2022. Subsequently, on April 23, the state officially announced the new energy subsidy policy for 2020, and the subsidy period was extended, which eased the intensity and rhythm of subsidy retreat and will alleviate the impact of the epidemic on the new energy vehicle market to some extent.
In addition, the local government's car purchase subsidies are mainly aimed at new energy vehicles. For example, Guangzhou gives individual consumers a comprehensive subsidy of 1 1,000 yuan per new energy vehicle; Shanghai will purchase pure electric vehicles and plug-in hybrid vehicles by the end of 2020. Give a charging fee subsidy of 5,000 yuan; Consumers who purchase new energy vehicles from locally registered automobile sales enterprises in Hainan Province and register with local vehicle management departments will be given a comprehensive reward of 65,438 yuan+0,000 yuan per vehicle.
In addition to car subsidies, with the promotion of "new infrastructure", many local governments have simultaneously strengthened the construction of charging facilities. For example, Shanghai plans to build 654.38 million new charging and replacing terminal facilities between 2020 and 2022; Tianjin plans to build no less than 1.5 million charging piles in three years, and add 4,000 charging piles in 2020.
Restricted cities are welcoming good things.
Car purchase restriction has always been considered as one of the important factors affecting car consumption. Previously, there were Guangzhou, Shenzhen, Shanghai, Hangzhou, Guiyang, Beijing, Tianjin, Shijiazhuang and Hainan in China. In order to stimulate automobile consumption after the epidemic, the Ministry of Industry and Information Technology issued the "Guiding Opinions on Orderly Promoting Enterprises in the Industrial Communication Industry to Resume Work and Production" in February, in which it specifically proposed "encouraging areas where automobile purchases are restricted to appropriately increase the number of automobile license plates to drive the consumption of automobiles and related products".
Among them, Guiyang has cancelled the purchase restriction as early as last September. At present, Shanghai, Shenzhen, Tianjin and Hainan have issued policy responses: Shanghai has added 40,000 non-operating passenger car licenses; Shenzhen is equipped with 654.38+0 million hybrid vehicles for individuals; Tianjin has added 35,000 incremental indicators of individual car-lottery mode and new indicators of car area, which mainly meet the car demand of residents outside the outer ring road of Tianjin.
Beijing has also begun to solicit public opinions on the regulation policy of passenger cars. It is planned to issue 20,000 new energy minibuses in the second half of 2020, all of which will be distributed to eligible car-free families.
Expand consumption? A multi-pronged approach
China automobile market has entered the era of stock competition, so it is necessary to tap the potential of automobiles and subdivide the market. The prosperity of the used car market is also of great significance for revitalizing the automobile market and promoting automobile consumption.
On April 9th, the Ministry of Finance and State Taxation Administration of The People's Republic of China issued an announcement on the value-added tax policy for second-hand car distribution: from May 1 day, 2020 to February1day, 2023, taxpayers engaged in second-hand car distribution will sell the second-hand cars they bought, instead of collecting 2% value-added tax at a reduced rate of 3% according to the simple method, they will collect value-added tax at a reduced rate of 0.5%.
The reduction of value-added tax will reduce the tax for the used car market by nearly 10 billion yuan, paving the way for the large-scale and standardized operation of used cars, and the used car distribution enterprises will also usher in greater development opportunities, which is expected to bring greater impetus to domestic automobile consumption. In addition, the head of the Ministry of Commerce also mentioned at the press conference on April 9 that it is necessary to further promote the implementation of the policy of canceling the restrictions on the movement of used cars and promote the free circulation of used cars.
In addition, considering that the epidemic situation affects the inventory switching rhythm of car companies, some car companies still have a large backlog of national five stocks. The National Development and Reform Commission issued the Notice on Several Measures to Stabilize and Expand Automobile Consumption, which clearly mentioned that the six specific implementation dates were still July 2020 1, but a six-month transition period was added. That is to say, July 2020 1 is the cut-off point of stopping the production of the national five models of domestic cars, but it is not the time to stop selling the national five models. The national five models produced before July 1 can still be sold.
Red dot observation
As the epidemic situation is gradually controlled, it is urgent to resume automobile production and sales, and the speed of recovery depends on the measures of local governments, because policies have a great impact on automobile consumption. Since 2005, China's automobile sales have experienced four ups and downs, two of which started with the policy of halving the vehicle purchase tax in 2009 and 20 15, respectively, and the purchase tax was reduced from 10% to 5%. After the downward adjustment, automobile sales increased by 138% and 13% respectively.
However, the impact of this epidemic on the domestic auto market should be said to be only phased, and it is true that China auto market has great development space and potential. It is believed that with the control of the epidemic, the gradual recovery of production in various places and the continuous introduction of favorable policies for car purchase, the demand for compensatory automobile consumption will increase significantly in the later period.
This article comes from car home, the author of the car manufacturer, and does not represent car home's position.