On the 12th China Auto Industry Development International Forum held on September 2ed in Tianjin, Ministry of Finance, Ministry of Industry and Information Technology, together with National Development and Reform Commission (NDRC), all expressed their attitudes that policies on alternative energy vehicles will be tightened, performed by the lifting entry level of financial policies, enterprises and products. In the meantime, supports on alternative energy vehicles’ R&D will also be increased.
Officials from Ministry of Finance introduced that central finances are researching for a long-term institution for pushing alternative energy vehicles to an open market. Therefore, technological thresholds for financial subsidiaries will be lifted. Currently, alternative energy vehicles have a total sales volume of 207,000 units in the previous seven months, increasing 125%.
The entry level for related enterprises and products are also becoming stricter. “Alternative energy vehicles are turning from fostering period to growing period. However, “big but weak” situation also exists in the market. Ministry of Industry and Information Technology hopes to take the change of “alternative energy” and “intelligentization” to achieve a great leap for Chinese auto technologies and brands. In the meantime, the ministry is increasing supports on the technologies and R&D on alternative energy vehicles, by investing funds from policy banks, discount loans and special funds.
NDRC will decentralize government inspection for 90% auto investing projects this year. Official from NDRC introduces that, “Most enterprises are under low-level construction. Few companies have technological innovation, consistent creative abilities, steady quality and safety performance.” Currently, more than 200 enterprises have alternative energy vehicle products, and nearly 300 companies have batteries products. But less than 1/4 of 4,000 approved products are put into operation.”
It’s expected that in the future five years, an increasing 200,000 units alternative energy vehicles will be put into market every year. By 2020, the market size will be 1m to 1.5m units and the industry will transfer from policy-driven model to market-driven model.
