Expanding auto consumption, my country introduces a 'package' policy

Recently, according to the relevant person in charge of the Ministry of Industry and Information Technology: Since 2020, my country has introduced a 'package' of policy measures to stabilize and expand automobile consumption. The promotion of new energy vehicles continues to increase, and the current production and sales of new energy vehicles are showing a good momentum of rapid growth.

Since July this year, my country has organized activities for new energy vehicles to go to the countryside. So far, special events have been completed in Qingdao, Jiangsu, Hainan, and Sichuan in Shandong. Preliminary statistics show that the four-month sales volume of the rural model has been close to 100,000.

In the next step, my country will coordinate the development of in-depth integration of the automobile and energy, transportation, information and communication industries, and develop more functions suitable for consumers' leisure and entertainment, life services, and autonomous driving. At the same time, improve policies and measures to promote automobile consumption. Initiate the declaration of pilot cities for the full electrification of public vehicles, research awards and support policies, and effectively drive private consumption with electrification of public vehicles, thereby boosting automobile consumption and promoting industrial development.

At the same time, China’s Vice Minister of Commerce Wang Bingnan stated that in the future, auto consumption will be expanded, encourage localities to adjust and optimize purchase restrictions, and increase the number of license plates. He said that the next step would be to encourage qualified regions to carry out a new round of autos going to the countryside and trade-in for new ones, unblocking the internal and external circulation of new cars, used cars, scrapped cars, auto import and export, and promote the transformation of cars from purchase management to use management. Especially with regard to second-hand cars, we will speed up the revision of the 'Measures for the Administration of the Circulation of Second-hand Cars

Luo Junjie, Director of the Equipment Industry Department I of the Ministry of Industry and Information Technology of China, said that in the future, relevant departments will work with relevant departments to formulate a plan for car trips to the countryside, and in-depth implementation of the action plan for the electrification of vehicles in the public domain. Effectively drive private consumption.

Editor's comment:

Automobiles are one of the 'big heads' in China's consumer market, and they are also areas that have been significantly affected by the epidemic. Recently, driven by the accelerated economic recovery, China's auto consumption has continued to pick up. According to official data, auto retail sales in October increased by 12% year-on-year, achieving double-digit growth for four consecutive months. On the basis of stable development, the injection of elements such as new energy, intelligent network connection, and autonomous driving will add vitality to the auto market. If localities can cooperate with optimized purchase restrictions, 2020 may be the beginning of a rebound in the auto market.