Ministry of Industry and Information Technology Denies RMB 100 Billion New Energy Vehicle Subsidy

According to media reports, according to the "Ministry of Industry and Information Technology, "Energy Conservation and New Energy Vehicle Industry Development Plan (2011-2020)" is about to be issued soon, and 100 billion government subsidies are about to be put in place, relevant people in the Ministry of Industry and Information Technology denied 100 billion yuan in government funding subsidies. Dong Yang, executive deputy chairman and secretary-general of the China Automobile Association, said that he would not introduce policies to encourage auto consumption in the near future.

Su Huaishan, researcher at the Automotive Research Division of the Ministry of Industry and Information Technology, said that the "Energy Conservation and New Energy Vehicle Industry Development Plan (2011-2020)" has indeed been completed and submitted to the State Council for approval, but the exact time for approval is not yet known. According to its disclosure, although the rumored "ten years" new energy vehicles have reached the "5 million vehicles" overall goal and plan is similar, but 100 billion yuan in government funding subsidies and detailed data is not accurate, should be pending approval of the higher authorities for revision Re-publish.

In addition, Su Huaishan said that the planning will not strictly distinguish different new energy vehicles to implement different subsidy standards. "Regardless of the technical means used to achieve energy savings, all models are based on fuel consumption to consider rewards and penalties. Different models only have different degrees of fuel economy." Analysts believe that, to some extent, the plan is set to The assessment method may mean that all models will be binding.

There was rumors last weekend that Beijing’s purchase restriction policy will be adjusted and electric vehicles will not be included in the scope of purchase restrictions. Affected by this rumor, after the opening of the market on July 4th, the stocks of new energy autos stocks rose sharply, among which BYD created two daily limit-plates on the three trading days after the listing. The introduction of new energy vehicle development plans on the 4th and the rumors of 100 billion yuan subsidy also detonated the hype of the stocks related to new energy vehicles and new energy batteries.