“the subsidy in Hangzhou is only 12000 yuan, so why don’t I choose the state subsidy of 20, 000 yuan?” , “what I need is this 20,000 yuan? what I need is the Beijing license plate!” These days, the online discussion on the subsidy policy of trading in clunkers for new cars continues.
The cause is the notice on further doing a good job of exchanging old cars for new ones issued by seven departments, including the Ministry of Commerce, in August (later referred to as the “notice”).
According to the notice, the subsidy standard for individual consumers who scrap old cars and buy new ones will be raised to 20, 000 yuan for new energy passenger cars and 15000 yuan for fuel-fueled passenger cars, according to the rules for the implementation of subsidies for trade-in cars.
In recent days, in the context of large subsidy policies, new trade-ins have been launched in Beijing, Hangzhou, Chengdu, Hainan and Qinghai.
From increasing the amount of subsidies to lowering the subsidy threshold to directly subsidizing consumers, they are simply trying to increase the size of the trade-in policy, in order to stimulate car consumption and boost the effectiveness of the policy.
Based on the fact that various places have raised the subsidy standard of exchanging old for new ones, netizens have also expressed their own opinions.
Some support policies say that they will participate immediately, some say that it is difficult to apply for a new car, and some complain that “only change is subsidized, but what they lack is to make money,” as netizens in Beijing said at the beginning of the article.
With more subsidies and constant moves from all over the world, I still want to talk about the trade-in of cars.
First of all, it was released in the voice of the two sessions at the beginning of the year that 2024 is the basic direction of the “year of consumption promotion”, and the state will vigorously promote the trade-in of household appliances, automobiles and other consumer durables.
Then, the trade-in policy was soon launched in April.
According to the detailed rules for the implementation of Automobile Trade-in subsidies, individual consumers who scrap old cars and buy new ones will be subsidized by 10, 000 yuan for new energy passenger cars and 7000 yuan for fuel-fired passenger cars.
The notice issued in August is an upgrade of the trade-in policy for cars issued in April.
The first is to raise the standard, the subsidy standard is raised from the original 10,000 yuan and 7000 yuan to 20, 000 yuan and 15000 yuan respectively.
the second is retroactive subsidies, which are carried out in accordance with the new subsidy standards for qualified cars, and the subsidies already issued will also make up the difference.
the third is to optimize the subsidy application review and fund distribution process, and strive to enable consumers to get subsidies as soon as possible.
In the previous article, the author said, “Don’t you replace your” broken car “and keep it for the Spring Festival? The upgrading and potential changes of the relevant subsidy standards have also been analyzed in detail.
It is equivalent to the further attempt made by the state to let you replace your “broken car” and “old car” in order to stimulate car consumption and promote the transformation and upgrading of the industry.
However, less than half a month after the launch of the new policy, subsidies began to be increased in places such as Beijing and Hangzhou, constantly introducing local subsidy policies aimed at expanding the scope of subsidies and lowering the subsidy threshold, so that more consumers can enjoy the subsidy policy.
Take Beijing as an example.
Recently, it has been reported that many departments in Beijing are studying and formulating an implementation plan to support the upgrading of equipment and the trade-in of consumer goods, which will be introduced soon.
The plan increases the original subsidy of 10,000 yuan to 20,000 yuan for those who scrap old cars that meet the standards and buy new energy passenger cars.
Among them, on the scrapping of personal passenger cars, the subsidy standards in the 2024 Beijing Automobile Trade-in subsidy implementation rules are adjusted: for those who scrap old cars that meet the standards and buy new energy passenger cars, the subsidy will be increased from 10, 000 yuan to 20, 000 yuan.
for those who scrap old cars that meet the standards and buy fuel passenger cars with engines of 2.
0 liters or less, the subsidy will be increased from 7000 yuan to 15000 yuan.
Not only that, consumers who have applied for subsidies in accordance with the previous rules for implementation can be given additional subsidies according to the new standards, and the above two types of used cars should be registered in the name of the applicant before July 25, 2024.
At the same time, Beijing will also introduce a support policy to support the replacement of personal passenger cars into new energy vehicles.
In addition, Hangzhou has also introduced a new policy on car subsidies.
The new policy mentioned that in order to further promote the replacement and renewal of cars, individual consumers can apply for an one-time car replacement subsidy for scrapping or transferring (except change) their own passenger cars and purchasing new passenger cars with 7 seats or less in Hangzhou.
According to the latest subsidy standards, fuel vehicles with prices between 50, 000 and 150000 yuan (excluding) are subsidized by 6000 yuan for fuel vehicles, 8000 yuan for new energy vehicles, 8000 yuan for fuel vehicles with prices between 150000 and 250000, 10000 yuan for new energy vehicles, 10000 yuan for fuel vehicles with prices of 250000 or more, and 12000 yuan for new energy vehicles.
The policy clearly points out that there are no restrictions on vehicle registration, license plate and scrap land, and vehicles from other provinces can enjoy this policy as long as they buy cars in Hangzhou.
However, this policy and the national automobile scrapping and renewal subsidy can not be duplicated.
It can be seen that Beijing has distinguished the replacement standards of models and price ranges, and Hangzhou has removed the subsidy threshold of “State III”.
From Beijing to Hangzhou, local subsidy policies have been updated from different angles in order to lower the subsidy threshold and expand the scope of subsidies.
In addition, for example, Chengdu and Hainan directly subsidize consumption, ranging from 1000 yuan to 8000 yuan.
Promote automobile consumption in the short term and promote industrial upgrading in the long term.
After updating the old-for-new policy round after round, has automobile consumption been promoted? In fact, under the joint promotion of various parties, the trade-in policy began to show its effect as early as May, the first full month of the first round of trade-in policy this year.
According to the data, it took 25 days for the automobile trade-in information platform to receive the country’s first application for scrapping and renewal subsidies to more than 10,000 applications.
from 10,000 to 20,000 applications, it took seven days.
to the 30,000 applications, it only took four days.
As of June 25, the trade-in information platform received 113000 applications for automobile scrapping and renewal subsidies.
Under the influence of the policy, the domestic automobile consumer market also began to coruscate vitality.
In May this year, automobile retail sales nationwide totaled 2.
271 million, up 8.
7 percent over the same period last year, of which retail sales of new energy passenger cars increased by 38.
5 percent, used car transactions increased by 5.
9 percent, and the number of scrapped cars recycled was 523000, up 55.
6 percent over the same period last year.
According to the regular press conference of the Ministry of Commerce, the number of applications for subsidies for trade-in cars has increased rapidly since the relevant policies were implemented more than three months ago, especially in the past two months.
As of August 23, the cumulative number of registered users of the automobile trade-in information platform exceeded 11.
00,000 yuan, and more than 700,000 applications for car scrapping renewal subsidies were received, with more than 10,000 new applications added in a single day.
, At the same time, the car scrapping renewal policy has driven a rapid increase in the recycling of scrapped cars.
Data shows that in the first seven months of this year, 3.
509 million scrapped cars were recycled nationwide, a year-on-year increase of 37.4%. Among them, May, June and July increased by 55.
6%, 72.
9% and 93.
7% year-on-year respectively.
It is foreseeable that after various localities increase policy efforts, the consumption of new energy vehicles, used car transactions and scrap car recycling will be further boosted in the future.
In addition to stimulating the market, these data will also profoundly affect the transformation and upgrading of the domestic automobile industry.
After all, the automobile industry is an important pillar industry of my country’s national economy, accounting for about 10% of the total retail sales of consumer goods.
Relevant taxes account for about 10% of the total tax revenue and relevant employees account for about 10% of the total urban employment.
The upgrading of the automobile industry is of great significance to the national economy, and the automobile trade-in policy is an important part of promoting industrial development.
In this industrial upgrading under the guise of “trade-in-old”, better preferential measures met potential market demand, and the phased victory of the policy came from this.
While allowing users to have a better consumer experience, it also allows China’s new energy vehicle industry to expand the share of new energy vehicles and lay a solid foundation for the development of the new energy vehicle industry.
Of course, the first round of subsidies only 100,000 cars qualify for subsidies, which is far from a success for an economy with monthly car sales exceeding 2 million.
and the new round of policies with a maximum of 20,000 yuan replacement subsidies are coming on the way and have also generated new consumer benefits.
in the future, with the arrival of more local subsidy policies, the scale of participating in the replacement of old cars will be larger, the effect will be better, and the impact will be deeper.
Some insiders believe that the introduction of the rules for trade-in will help further increase the penetration rate of new energy vehicles in my country.
It is true that at a time when new energy is experiencing explosive growth, domestic production and sales of new energy vehicles in July reached 984,000 and 991,000 respectively, a year-on-year increase of 22.
3% and 27% respectively.
The monthly retail penetration rate of new energy vehicles successfully exceeded 50%.
In the first seven months, the production and sales of new energy vehicles reached 5.
914 million and 5.
934 million respectively, up 28.
8% and 31.
1% respectively year-on-year.
With the accelerated growth of the automobile scrapping renewal market and the accelerated implementation of subsidy policies for replacing old ones and scrapping renewal in various places, the demand for car replacement is expected to further drive the growth of automobile consumption.
The implementation of relevant preferential policies is expected to increase sales in the automobile market in the second half of the year.
Play a positive role in promoting growth.
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