A new round of cars going to the countryside will start soon

publish_time: 2020.11.19


Image source: pexels

    The car market welcomes good news again.

    On November 18, an executive meeting of the State Council was officially held. During the meeting, it was proposed to stabilize and expand automobile consumption.

    In response, the State Council has released the following important messages: encourage localities to increase the number of license plate indicators; launch a new round of cars going to the countryside and trade-in for new ones, and encourage rural residents to purchase trucks of 3.5 tons or less and 1.6 liters or less for rural residents. By using cars, subsidies will be given to residents to buy new cars after eliminating National III and below emission standards; strengthen the construction of parking lots, charging piles and other facilities.

    In order to promote automobile consumption, the government and local governments are increasing policy support for the automobile market.

    Since the beginning of this year, Guangdong, Beijing, Zhejiang, Shanghai and other provinces and cities have successively introduced policies related to the replacement of old cars, and plans to speed up the replacement of old cars by setting up subsidies and rewards.

    In July this year, in accordance with the requirements of the "Notice on Launching New Energy Vehicles to the Countryside Activities" jointly issued by the Ministry of Industry and Information Technology, the Ministry of Agriculture and Rural Affairs, and the Ministry of Commerce, the new energy vehicles to the countryside organized by the China Automobile Association are promoting the automobile The market is picking up.

    "Since the launch of the new energy vehicle going to the countryside, it has received wide attention from all walks of life, local government support, and rapid response to the supply of auto companies. After strict review by the association, 3 batches of catalogues have been released, with a total of 61 models from 24 auto companies. Participate." Chen Kelong, deputy director of the Equipment First Department of the Ministry of Industry and Information Technology, revealed that the current sales directly contributed by new energy vehicles to the countryside have exceeded 70,000.

    Subsidies are driving the auto market to pick up. According to data released by the China Automobile Association: In October, car sales reached 2.573 million vehicles, a year-on-year increase of 12.5%. As of October, automobile production and sales have shown growth for seven consecutive months, and sales have maintained a growth rate of more than 10% for six consecutive months. From January to October, the sales volume of automobiles was 19.699 million, a year-on-year decrease of 4.7%.

    The China Automobile Association stated that, thanks to the strategy of expanding domestic demand and the continuous efforts of various policies to promote consumption, market demand continued to recover, the industrial cycle continued to improve, and corporate profits rose steadily.

    Zhang Yiqun, deputy chairman of the China Budget Performance Committee, revealed that next year's fiscal policy will increase support for the new energy vehicle sector. For example, tax cuts and fee reductions or subsidies for production or core component companies in the automotive industry chain.


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