The auto industry has high hopes for the decision-makers in the new round of economic stimulus. Not only is the industry expected to include new auto-to-country and trade-in policies, but the Ministry of Finance has also made it clear that from this year, China will allocate 10 to 2 billion yuan annually to support the development of new energy vehicles.
Zhang Shaochun, Deputy Minister of Finance, said at the National Energy Conservation and Emission Reduction Working Conference that from this year, 10 to 2 billion yuan will be allocated each year to support the industrialization of new energy vehicles with mass production conditions and to support the development of energy-saving automotive technology and the construction of industrial chains. .
Zhang Shaochun also stated that he will promote the use of hybrid buses in large and medium-sized cities throughout the country, while continuing to increase the demonstration and promotion of new energy vehicles in the public service areas in 25 cities, in particular expanding the scale of use of official, logistics, and leasing industries, and demanding pilot projects. As soon as possible, the city will abolish restrictions such as license plate auctions, shakes, and restrictions on new energy vehicles, introduce support policies such as parking fees, electricity prices, and road tolls, and accelerate the pace of infrastructure construction such as charging stations.
As a major growth point of the Chinese economy, auto consumption has always been based on high expectations of decision makers. Recently, media reports said that the relevant national authorities will introduce policies for stimulating consumption of cars to the countryside and trade-in for new products. Affected by this good news, the A-share car stocks have soared in the most recent two days.
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