Automobile consumption will usher in a new wave of stimulus policies.
The executive meeting of the State Council held on June 22 proposed to further release the potential of automobile consumption. Specifically, there are three aspects:
One is to activate the used car market and promote car renewal consumption. For small non-operating used cars, the move-in restrictions will be completely lifted from August 1, and the transfer registration will be separately endorsed and issued with temporary license plates from October 1;
The second is to support the consumption of new energy vehicles. The vehicle purchase tax should be mainly used for highway construction. Considering the current situation, study the issue of the extension of the new energy vehicle purchase tax exemption policy;
The third is to improve the parallel import policy and support the construction of parking lots.
The auto market has just received a "gift package" before: For passenger cars with a displacement of 2.0 liters and below, purchased from June to the end of this year, the price of a single vehicle does not exceed 300,000 yuan, and the vehicle purchase tax will be halved— - This heavy benefit directly covers more than 90% of the fuel vehicle market.
The stimulus policy has already achieved initial results. According to the data from the Passenger Car Association, from June 1 to 19, the retail sales of the national passenger car market was 935,000 units, an increase of 24% year-on-year and a month-on-month increase of 43%; the wholesale sales of passenger car manufacturers nationwide were 944,000 units, a year-on-year increase of 944,000 units. It was up 34% last year and 52% month-on-month.
To further boost car consumption, more policies are on the way. Judging from the statement of the latest National Standing Committee, activating the used car market and supporting the consumption of new energy vehicles are still the key directions. The meeting pointed out that the implementation of the policy will increase automobile and related consumption by about 200 billion yuan this year.
Activating the used car market and promoting new car consumption
The cancellation of the restrictions on the relocation of used cars has been brewing for a long time at the policy level. But recently, the pace of policy introduction has accelerated significantly.
The National Standing Committee held on June 22 made it clear that the move-in restrictions on small non-operating second-hand cars will be completely lifted from August 1, and the transfer registration will be separately endorsed and issued with temporary license plates from October 1. The restrictions on the circulation of used cars, on the other hand, have given procedural convenience to the circulation of used cars, and they have given a clear time node, and the implementation is imminent.
Less than a month ago, the State Council issued the "Package of Policy Measures for Solidly Stabilizing the Economy", proposing a number of measures to steadily increase automobile consumption, including the complete cancellation of the restrictions on the relocation of used cars and the nationwide cancellation of the "National Five" plan. Move-in restrictions on used cars.
In recent years, relevant departments have repeatedly deployed the policy of canceling the relocation of used cars. Car moved in. Luo Lei, deputy secretary-general of the China Automobile Dealers Association, analyzed the 21st Century Business Herald reporter that the complete abolition of the National Fifth-hand car relocation restrictions is really comprehensive, and there will be no exceptions. The used car circulation will usher in a more relaxed environment.
Luo Lei told the 21st Century Business Herald reporter that in the past two years, the restrictions on the relocation of used cars in some places have been on the rise. Regulations on the Prevention and Control of Air Pollution, which requires used cars to comply with the same emission standards as new cars. Therefore, in the past two years, many government departments have repeatedly emphasized the cancellation of the restrictions on the relocation of used cars. Since the Beijing-Tianjin-Hebei, Yangtze River Delta, Pearl River Delta and other key air pollution prevention and control areas were not previously within the scope of the cancellation of relocation restrictions, the vitality of the used car market in these areas has been affected to a certain extent. vitality will be further released.
"Beijing-Tianjin-Hebei, Yangtze River Delta, Pearl River Delta and other regions, although used cars are mainly exported, they are also the input places for mid-to-high-end used cars. The inability of outside cars to enter will also affect the consumption needs of different consumer groups. This will have an adverse impact on the overall car market." Luo Lei said that after the removal of the used car restrictions, it will not only help the market-oriented development of second-hand cars, but also further promote the sales growth of the new car market through the replacement of used cars.
This is also the consideration for the policy to activate the used car market - in addition to promoting the transaction of used cars themselves, it is also necessary to "promote car renewal consumption".
Industry analysts believe that the used car market and the new car market complement each other. The buying and selling of used cars is not a one-way cycle, but a big cycle that promotes the circulation of the entire automobile industry. Luo Lei once pointed out that the first-tier cities have implemented purchase restrictions, but they can still achieve relatively high sales of new cars every year, which is undoubtedly achieved through replacement - when the sales of new cars reach saturation or a certain level, used cars will become The pillar of new car sales, if the circulation of used cars is not smooth, it will inevitably hinder the development of new cars.
New energy vehicle purchase tax exemption will continue
Fuel vehicles have received large-scale purchase tax "reductions and exemptions", and new energy vehicles are also expected to usher in the continuation of the purchase tax exemption policy. This information was confirmed at the regular meeting held on June 22.
Not long ago, Xin Guobin, vice minister of the Ministry of Industry and Information Technology, also publicly stated that he will study and solve some shortcomings and deficiencies of my country's new energy vehicle industry in some key technologies and support capabilities as soon as possible. policy. "The policy is to end by the end of this year, and we are now working with relevant departments to study whether to continue this policy."
Purchase tax exemption is one of the most important policies to promote the growth of new energy vehicle sales. According to a study by the China Automotive Technology Research Center, tax incentives are one of the policies that contribute the most to the development of the new energy vehicle industry, second only to purchase subsidies.
The above research believes that in the early stage of the promotion of new energy vehicles, the fundamental reason that hinders more consumers from purchasing new energy vehicles is that the cost of ownership of new energy vehicles is relatively high. For example, according to their calculations, A-class pure electric passenger vehicles with a driving range of more than 300 kilometers will not reach breakeven until around 2026. Therefore, more and stronger policy support is still needed before 2025.
Purchase tax relief is clearly one of the ideal support policies. Focusing on the rapid development of new energy vehicles, one of the suggestions put forward by the above research is to continue tax incentives to reduce the cost of purchasing and maintaining new energy vehicles. Policies such as tax breaks and exemptions should not be abolished all at once.
New energy vehicles are a strategic emerging industry in my country. They are not only a new growth point to promote social commodity consumption, but also an effective way to save energy and reduce consumption. They are an important measure to achieve carbon peaking and carbon neutrality. How to promote new energy vehicles? The rapid development of China does need the supporting support of a package of policies.
At present, domestic new energy vehicles have achieved staged results in their development. According to data from the Passenger Federation, from January to May this year, the wholesale sales of new energy passenger vehicles in China were 1.892 million, a year-on-year increase of 117.4%, and the retail sales were 1.712 million, a year-on-year increase of 119.5%. Whether it is wholesale sales or retail sales, the penetration rate of new energy passenger vehicles has reached around 25%.
However, objectively speaking, new energy vehicles are still in the early stage of development. Although the overall penetration rate has reached more than 20% this year, it is also affected by some special factors. In addition to the major cities in China, new energy vehicles in more regions are still niche products in the market. To promote the acceptance of new energy vehicles by a wider market, the role of policies such as purchase tax reduction and exemption is still critical.
