Hubei provincial government clearly stated that it will remove the restrictions on pickup trucks entering cities so as to help further spur local automobile consumption.
The government resolves to vigorously boost the development of the consumption credit for automobile and home appliance industries, and steady expand the scope of personal consumption loan. The balance of consumer loans in 2020 should be not less than that of 2019.
Moreover, Hubei government stresses the implementation of the exemption of vehicle purchase tax on new energy vehicles and the preferential value-added tax policy for used car transaction launched by China's central government. The restrictions on the movement of pre-owned cars will be canceled.
Local authorities of eligible regions are encouraged to hammer out the supporting policies for the sale of Hubei-manufactured new vehicles, said Hubei government.
To create a sound consumption environment, a city's manager should adopt accommodative regulations on the temporary parking conducts for consumption purpose. Owners who park cars between 8 o'clock p.m. to the next day's 1 o'clock a.m. will not be fined or get their license plates added with demerit points.
To optimize the service of oversight, the government has allowed tricycles bearing the same mark to be deployed to deliver goods. For those express cars that provisionally park at some improper spots, city's inspectors should adopt more generous methods like offering tips or warning to drivers as long as they do not hamper the pandemic prevention and control or harm the public safety.
Wuhan, the capital of Hubei province and the hardest-hit region amid the fight against coronavirus, announced in mid-May that consumers who buy PVs produced by Wuhan's local enterprises and have their vehicles locally licensed would be granted cash handouts. To be specific, those who buy and register fuel-powered PVs shall enjoy a subsidy equivalent to 3% of a vehicle’s original price at a maximum of 5,000 yuan ($702) per car, and NEV buyers will receive 10,000 yuan ($1,404) per car worth of subsidy. The incentive will be ended at the end of December 31, 2020.
