The finance ministry may lower taxes on new-energy vehicles and ...

2012 China New Energy Vehicles Market Depth Survey Report??The finance ministry may lower taxes on new-energy vehicles and key components as part of efforts to develop the industry, Wang Wei, director of the ministry?s tariff department, said at the same forum on Saturday.?There is no doubt that developing electric vehicles is the common goal for automakers and the government has been encouraging automakers to do so,? said Zhang Xin, an auto analyst with Guotai Junan Securities Co in Beijing. ?Consumers will make the ultimate call as to whether electric vehicles can beat traditional fossil fuel-powered vehicles and hybrids.?China?s auto sales growth will slow to about 3 percent to 5 percent this year after government incentives that boosted deliveries in 2010 were removed, according to State Information Center Research Director Xu Changming.

2012 China New Energy Vehicles Industry Investment Analysis Report??The effect of these twin problems of government policy ambiguity and consumer reluctance can already be seen in the frustrated plans of Chinese car and battery producers such as BYD, Zotye and Yintong. All three plan to gain advanced new energy vehicle technology through overseas acquisitions, but are expected to suspend plans because of limited domestic sales capacity and the corresponding difficulty of financing these deals. Cash-rich state-owned OEMs like FAW Auto, Dongfeng Motor and BAIC Motor are also likely to be prudent until the government?s subsidy policy is clarified.This does not, however, present an opportunity for foreign new energy vehicle manufacturers; Chinese regulations restricting overseas OEMs to local joint ventures, and then only with a holding of less than 50%, will make sure of that.
China?s State Council, or cabinet, is considering a development plan for new-energy vehicles, according to Su Bo, vice-minister of the Ministry of Industry and Information Technology.?All relevant government agencies involved in drafting the plan had a high level of agreement on the plan,? Su said at an auto industry conference in Tianjin on Saturday. He didn?t give details on when the plan will be approved or the measures proposed.2012 China New Energy Vehicles Industry Development Analysis and Forecast Report??A new-energy car at an industry exhibition in Beijing. Several ministries are joining hands in an effort to improve subsidy policies to help growth of the new category of vehicles in China. The industry and finance ministries, together with the National Development and Reform Commission (NDRC), the nation?s top economic policymaking agency, are also working to continue a subsidy program for energy-saving vehicles and will increase the qualifying threshold, Su said

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