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US electric car subsidy policy adjusts to China or will be a power battery market center

2017/11/23      view:
US electric car subsidy policy adjusts to China or will be a power battery market center
The U.S. House of Representatives recently unveiled the Republican tax cuts and Jobs act as an important measure of U.S. tax reform. If the bill is approved by the House of Representatives, it is expected to cut taxes on businesses and households. The current US $7500 subsidy policy for electric vehicles looms.
Under the current federal tax system, the top 200,000 EV per car can enjoy a federal tax deduction of $7500/car. Tesla and Nissan, which sell better in North America, will start arriving at 200,000 caps next year. If the tax cuts and Jobs Act succeeds in the House of Representatives, $7500 in federal subsidies will be abolished on January 1, 2018. Many car companies, including Tesla, GM, Ford, Nissan and Toyota, will be affected in varying degrees and forced to adjust their plans to launch new energy vehicles in the North American market.
As a response, Tesla's share price accelerated down, with the bill announcing a sharp drop of 8.9% to $292.63 on the day of the Tesla's offer. Some US politicians have said that the bill, without a vote, is highly unlikely to be implemented, and that the adjustment to the subsidy policy for electric cars is likely to dampen the momentum of the US electric car market.

At a moment of increasing environmental pressure, many countries have started to take electric cars as the direction of future development. Under the pressure of the policy, the car enterprises have been transformed, Volkswagen, Daimler, BMW and many other car enterprises have launched their own future electric vehicle development plans this year, and the United States at this time to adjust the electric vehicle subsidy policy will undoubtedly make many car enterprises in an embarrassing situation. For some American car companies, it will have to face the choice of some of the electric vehicle business relocation.

In recent years, China's new energy automobile industry has made considerable progress, the 2016 China's new energy vehicle holdings reached 1 million vehicles, has become the world's first new energy automobile power. But on the other hand, the new energy automobile industry in our country has made a lead in quantity, but it has not made a breakthrough in quality. In particular, battery technology, compared with the domestic power battery technology is still lagging behind. North American media inside EVs based on October North American Electric cars (Bev and PHEV) sales data analysis, Korea's battery accounted for 55.5% of the market share, Japan's battery accounted for 44.5% of the market share.
The adjustment of the US government's subsidy policy to new energy vehicles is likely to result in the transfer of the new energy vehicle market in North America. Along with the new energy automobile market's transfer, the related supporting industry chain also may appear the transfer. Compared with the United States, our Government has provided good policy conditions for the development of new energy automobile industry. From the policy aspect, although the state subsidy policy gradually this, but with the implementation of the "double Integral" management method, it will provide important support for the future development of new energy automobile enterprises. On the consumer side, on the evening of November 8, the central bank and the CBRC published the latest revised "Car Loan management measures" on the official website. The new method stipulates that the maximum payment ratio of new energy vehicle loans for personal use is 85%, the highest proportion of commercial new energy vehicles is 75%, and the maximum proportion of used-car loans is 70%. The central bank said the adjustment was made in order to implement the State Council's policy of adjusting its economic structure, releasing its diversified consumption potential and promoting the economic development of the green industry in order to improve the supply and quality of the automobile consumer credit market. China's stable and broad new energy vehicle market will become the development of overseas car enterprises, the new energy vehicle business into China will become an excellent choice for overseas car enterprises.
The inflow of foreign-funded vehicles will have a positive impact on the development of domestic power battery industry. Taking Ford and Tai-Thai joint factory as an example, foreign-owned vehicle enterprises to expand the new energy vehicle business through joint ventures, and through the integration of China's independent brand, in its perfection of its own electric vehicle technology, but also can achieve the future "double integral" management requirements. As for domestic car enterprises, foreign advanced vehicle design concept, manufacturing technology will help the domestic independent brand product quality promotion. And from the point of view of efficiency, the joint venture car companies choose the original Japanese and Korean enterprises supporting the possibility is not high, supporting domestic power battery will be the most effective program. Foreign car enterprises into China will be the domestic power battery companies to provide a broader market, and the contact with foreign car companies, but also conducive to domestic power battery enterprises to adjust ideas to improve the quality of power battery products, to achieve the goal of overtaking Japanese and Korean enterprises.
In the near future, Panasonic has begun to expand production to coincide with Tesla's manufacturing plan. In China, Panasonic is planning to put into production in Dalian before the end of March 2018, and Panasonic has started to build a second plant with an estimated investment of tens of billions of yen. The first plant in Dalian is considered to have the equivalent of hundreds of thousands of pure electric vehicle batteries, and if the second building is completed, overall capacity is expected to double. The move is also thought to be a preparation for Panasonic to meet the coming fierce competition.

Domestic power battery enterprises will face more intense market competition, Japanese and Korean enterprises in the battery manufacturing cost control, production efficiency, production accuracy and other aspects have a greater advantage, and domestic lithium-ion industry in all aspects of the need to promote in order to compete with it, it will be a long and difficult process.