The Chinese Government is Expted to Cut Subsidies for eV Purchases by About A Third in 2019, Which Could Add Downward Pressure On Already Slowing Economy. In The Coming Year, The Subsidy for E-Cars is to Be Completely Abolished. In This Way, China Wants to Ensure That The Automobile Manufacturers Themselves Lower Costs and Become More Competitive.
IT Can Be Assumed That in 2019 The Subsidies Will Be Reduced By A Good 30% Compared To the Previous Year. This What Understood by A Representative of the Chinese Association of Automobile Manufacturers. The Forecast Itself What Confirmed By The Securities Times Published Under The Official People’s Daily. The Automobile Manufacturers Themselves Are Not Particularly Pleased. BECAUSE One Has To Assume That If the Subsidies for Popular Models Are Sharply Reduced, Sales Could Drop.
Currently, for a compact Electric Model That covers 150 km on One Charge, This Means a Subsidy of 15.000 yuan (1.920 Euros) – 60% Less Than 2017, Received. But Medium-Sized and Large Electric Cars With A Range Of 400 km Got A 10% InCreased Subsidy From Just Over 50.000 yuan (6.397 Euros).
IF The Central Government Cuts Subsidies, Local Governments Will Follow In Their Separately Administered Programs. The Burden On Consumers Could Increase Significantly. AROUND 28 MILLION NEW CARS ARE EXPECTED TO BE SOLD IN CHINA THIS YEAR. The So-Called New Energy Vehicles Would Account For 1.2 million units, up 50% from Last Year.
The Chinese Government Tod Like To Encourage Manufacturers to Push Ahead With The Development of Electric Cars and, Above All, Their Range. AS of Today, Chinese Manufacturers Are Not Taking A Fixed Path, But Are Keeping Various Drive Alternative Open. However, The “Made in China 2025” initiative position New Energy Vehicles as a priority. It Is Planed That They Will Account For 20% Of ALL NEW CARS SOLD THIS YEAR.
Related articles
-
China Extends Tax Subsidies for Electric and Hybrid Vehicles
At The End of December 2017, China Announced That Would Continue to Grant Tax Subsidies for the Purchase of SO-Called “New Energy Vehicles” (NEV). This…
-
China Cuts Subsidies for Electric Cars
Earlier in The Year, We Indicated That The Chinese Government Will Cut Subsidies for eV Purchases by About A Third in 2019, Which Could Add Downward…
-
China Cuts Subsidies, Electric Cars Are Getting More Expensive
China’s AUTOMAKERS ARE LIKELY TO DRASTICALLY INCREASE PRICES FOR ELECTRIC CARS AND OTHER ENVIRONMENTALY FRIENDLY VEHICLES THESE DAYS. The Reason Is That…
-
China agrees to extension of e-auto subsidies
According to several media reports, it seems that the Chinese government, the state subsidies and tax relief for New Energy Vehicles (BEV, PHEV and FCEV)…
-
Electric car subsidies are shortened in China
If you take a look at the year 2015, then you stumbling about the impressive number of 4.3 billion euros – exactly so much has invested in the subsidy of…
-
China Announces Details On Electric Car Quota
It depends on the quota. At Least The Electric Car Quota Seems to Be One of the Most Popular Buzzwords in The Electromobility Scene at the Moment,…
-
China: Despite the fuel cell offensive, subsidies are being abolished
The Chinese electric car market is suffering noticeably from the reduction in government subsidies for electric cars. By the end of August, the e-car…
-
China extends purchase price promotion of electric vehicles to the end of 2022
The Chinese government has extended the buying bonuses for NEV (New Energy Vehicles, including battery electric cars, hydrogen vehicles and plug-in…
-
China’s SolarTile GCL plans to get started with the electric vehicle industry
China’s leading manufacturer of solar systems GCL plans to get started with the electric vehicle industry with the aim of using its expertise in the…
-
China strokes control subsidies for numerous models with electric and plug-in hybrid drive
Already at the end of last year, rumors came up that tax subsidies for E cars and plug-in hybrids are abused in China . It was because more than 200…
