The new year has already begun. The stock market has ushered in a good start, and the entire auto market has ushered in a “big shotâ€. Only new energy vehicles are going their way. This shows that new energy vehicles will take over the lead and welcome development opportunities.
The Ministry of Finance and the State Administration of Taxation announced that, as of January 1, 2011, a tax rate of 10% has been levied on purchase tax for passenger vehicles with a displacement of 1.6 liters or less. At the same time, the Ministry of Finance also issued a notice that the implementation of the automobile replacement policy for the countryside and the replacement of vehicles will be completed on December 31, 2010 and will no longer continue this preferential policy.
Most analysts in the industry stated that the country’s regulation of the auto market is more stringent than expected and will have a big impact on the auto market. However, the profitability of the auto companies in 2010 was good and the high growth rate was set. There is also a brokerage automotive industry researcher that may have a greater impact on the vehicle production companies, but have little effect on parts and components companies. In addition, merchants may adopt some preferential policies to promote consumer purchases, which offsets the psychological impact of rising taxes and fees on consumers.
More notable is that 2011 will continue to support the promotion of energy-saving and new energy vehicles with financial subsidy policies. Not only that, it is understood that government procurement will also include new energy vehicles in the plan. Analysts pointed out that in 2011 or will become the year of new energy vehicles.
Preferential policies for the halving of purchase tax have been implemented since January 20, 2009. In the two years since the implementation of the policy, the effect of the policy has been significant, and the sales volume of the benefited vehicles has increased significantly. At the end of 2009, considering that the economic situation is still unstable, the preferential rate will be reduced by half in 2010, but the trend of the auto market in 2010 is still relatively good.
China Automobile Association data show that in November last year, the automotive market sales of 1.704 million units, an increase of 10.2%, an increase of 25.6%; production of 1.755 million units, down 13.7%, an increase of 26.1%. However, the preferential policy for halving the purchase tax has a certain degree of overdraft on the market demand, and it is expected that the increase in demand for passenger cars will fall sharply in 2011.
Compared with the entire automotive industry, new energy vehicles are "sunrise." New energy vehicles are one of the seven strategic emerging industries identified by the State Council. The next five years will be a critical period for whether it can achieve industrialization smoothly. In the future, the country will continue to issue preferential policies. Most brokerage research reports generally believe that new energy vehicles have long-term investment opportunities.
The Ministry of Finance and the State Administration of Taxation announced that, as of January 1, 2011, a tax rate of 10% has been levied on purchase tax for passenger vehicles with a displacement of 1.6 liters or less. At the same time, the Ministry of Finance also issued a notice that the implementation of the automobile replacement policy for the countryside and the replacement of vehicles will be completed on December 31, 2010 and will no longer continue this preferential policy.
Most analysts in the industry stated that the country’s regulation of the auto market is more stringent than expected and will have a big impact on the auto market. However, the profitability of the auto companies in 2010 was good and the high growth rate was set. There is also a brokerage automotive industry researcher that may have a greater impact on the vehicle production companies, but have little effect on parts and components companies. In addition, merchants may adopt some preferential policies to promote consumer purchases, which offsets the psychological impact of rising taxes and fees on consumers.
More notable is that 2011 will continue to support the promotion of energy-saving and new energy vehicles with financial subsidy policies. Not only that, it is understood that government procurement will also include new energy vehicles in the plan. Analysts pointed out that in 2011 or will become the year of new energy vehicles.
Preferential policies for the halving of purchase tax have been implemented since January 20, 2009. In the two years since the implementation of the policy, the effect of the policy has been significant, and the sales volume of the benefited vehicles has increased significantly. At the end of 2009, considering that the economic situation is still unstable, the preferential rate will be reduced by half in 2010, but the trend of the auto market in 2010 is still relatively good.
China Automobile Association data show that in November last year, the automotive market sales of 1.704 million units, an increase of 10.2%, an increase of 25.6%; production of 1.755 million units, down 13.7%, an increase of 26.1%. However, the preferential policy for halving the purchase tax has a certain degree of overdraft on the market demand, and it is expected that the increase in demand for passenger cars will fall sharply in 2011.
Compared with the entire automotive industry, new energy vehicles are "sunrise." New energy vehicles are one of the seven strategic emerging industries identified by the State Council. The next five years will be a critical period for whether it can achieve industrialization smoothly. In the future, the country will continue to issue preferential policies. Most brokerage research reports generally believe that new energy vehicles have long-term investment opportunities.
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