Average fuel consumption + new energy vehicle credits benefit new energy and energy-efficient car development

event:

On September 21, 2016, the Ministry of Industry and Information Technology issued the draft Interim Measures for the Parallel Management of Enterprise Average Fuel Consumption and New Energy Vehicle Points.

Investment points:

Average fuel consumption + new energy vehicle points, strict penalties to promote the policy landing method to assess the average fuel consumption of enterprises selling passenger cars in China and the production of new energy passenger cars, so as to achieve average fuel consumption and Parallel management of new energy vehicle points.

Enterprises that have lost trust in violations will be listed on the “blacklist”, and restrictions or bans will be imposed on market access, financial subsidies, tax incentives, and customs clearance. This approach will encourage all passenger vehicle manufacturers to increase their investment in new energy passenger vehicles and energy-saving and emission reduction technologies. Enterprises with advantages can benefit from trading points, and severe penalties will also provide protection for policy landing. .

New energy passenger vehicles have a double advantage, and point trading is expected to improve profitability. Passenger car companies with a high proportion of new energy passenger cars benefit most from the implementation of this method. On the one hand, new energy vehicles are included in the average fuel consumption of enterprises, and their energy consumption is lower than that of traditional fuel vehicles, and the output or import volume of new energy passenger vehicles can enjoy multiple magnification discounts (2016-2017, 2018-2019 and 2020). In the years, the calculations are based on 5 times, 3 times and 2 times respectively, so the car companies with high proportion of new energy vehicles can significantly reduce their average fuel consumption level, thus approaching or meeting the relevant standards; on the other hand, the new energy vehicles are separately accounted for. For enterprises with annual output or import volume of domestic traditional energy passenger vehicles of more than 50,000 vehicles, there are specific requirements for the proportion of new energy vehicles, which are 8%, 10% and 12% respectively in 18-20 years. The mileage of the car is 2-5 points, which is converted into the proportion of production. By 2020, the proportion of new energy passenger cars needs to reach 2.4%-6%. If it is higher than the annual requirement, the OEM can use The new energy vehicle points deduct the negative points of the overall fuel consumption. If there are still balances, they can be sold to other enterprises with insufficient new energy vehicles or insufficient fuel consumption points, which can effectively improve the profitability of new energy passenger vehicles.

Traditional vehicle fuel-saving emission reduction technology is expected to accelerate the popularization of this method and severe penalties will also force enterprises to strengthen investment in traditional vehicle fuel-saving and emission reduction, including start-stop technology, BSG, 48V system, car light The promotion and popularization of quantification and so on are expected to accelerate, thus meeting the increasingly stringent average fuel consumption standards.

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