New Energy Vehicle Subsidy Adjustment Forces Technology Upgrade Hydrogen Power to Become Development Direction

According to the Voice of Economy's "World Financial" report, on the eve of the Spring Festival, the Ministry of Finance and other four departments jointly issued a notice to adjust the new energy vehicle subsidy policy, to encourage the application of high-performance power battery direction. The change in policy has strengthened the role of market optimisation of resources and forced technology upgrades. In 2018, where is the next outlet for the development of new energy vehicles?

New Energy Vehicles have made brilliant achievements last year and are now on the track to return to market

In 2017, the country’s new energy automotive industry was very bright. According to statistics, from January to December of last year, the production and sales of new energy vehicles in China completed 774,000 vehicles and 777,000 vehicles, respectively, with a year-on-year increase of more than 50%. It is worth noting that these two data have ranked first in the world for three consecutive years.

In fact, in recent years, from the national level to the local level, measures such as granting high subsidies and restricting the passage of new energy vehicles on the road have all contributed to the increase in sales of new energy vehicles. However, after undergoing the market cultivation phase, China’s new energy vehicles have begun to embark on the development track of returning to the market. The retreat of new energy subsidies that began last year is a policy forgiveness. Shen Jinjun, president of the China Automobile Dealers Association, said that the gradual decline of subsidies will become an important turning point for the new energy automotive industry to go to market.

Shen Jinjun said that the government should slowly retreat. We must use the rules of the market and market mechanisms to survive and eliminate the inferior; if we rely on policies, then this market will not be nurtured.

On the eve of the Lunar New Year's Eve, the Ministry of Finance and other four departments once again made adjustments to subsidies for new energy vehicles: It will raise the energy density threshold for new energy vehicle battery systems and encourage high-performance power battery applications. On June 11 of this year, the policy transition period. During the period, the new energy passenger cars and new energy buses on the brand are subsidized at 0.7 times the previous standard, the new energy trucks and special vehicles are subsidized at 0.4 times, and the fuel cell car subsidy standard is unchanged. .

Policy adjustments, which are consistent with the needs of industrial development, have also released a signal that in the face of impending reshuffling, technological upgrading has become the only option and outlet. The core of new energy vehicles is to replace the "power" of gasoline. On the one hand, the battery's large capacity and long-range mileage will become a roundabout. From a global perspective, this is also a trend. According to the latest news, Toyota Motor has started to develop a new large-capacity battery pack system that will hopefully solve the problem of recycling used batteries for new energy vehicles.

Hydrogen-powered vehicles have become the development direction of new energy vehicles, and cruising mileage has become its biggest advantage.

It is also worth noting that, following the lithium battery, a new energy hydrogen-powered vehicle is becoming one of the development directions of new energy vehicles.

Liu Zhixiang, deputy dean of the Foshan Institute of Hydrogen Industry and New Materials Development in Guangdong Province, said: “Strictly speaking, hydrogen energy vehicles should be called cars that use hydrogen as their fuel, and they must be divided into two categories from the technical path. Directly using hydrogen combustion as an energy source, the other is hydrogen and oxygen chemically driven in a way that is what we call hydrogen fuel cell vehicles."

The cruising mileage is comparable to traditional fuel vehicles as the biggest advantage of hydrogen energy vehicles. At the same time, the time for hydrogenation is also equivalent to that of traditional fuel vehicles, and only water is generated during driving, which is completely energy-saving and environmentally friendly. It is understood that there are hydrogen-powered vehicles currently entering the domestic market, and there is still much room for independent licensing in this area.

Of course, the performance of new energy vehicles in China last year is also commendable in the brand upturn and upgrade process. One of the things I have to mention is the Tesla's smart electric car, the Weilai ES8. Last year, the ES8 went public and blew up various social networks, attracting Internet giants including Liu Qiangdong, Yu Minhong, Lei Jun, Ma Huateng, and others.

Wei Li’s founder, Li Bin, even stated: “The smart electric car industry will not have any foreign brands in the world and will not have any opportunities for them. Smart electric vehicles are more dependent on localized infrastructure, localized data, and localization. The application scenario, I don't think a U.S. company can know how to charge in China."

The high level becomes the starting point of new energy vehicles, with a target of 1 million sales this year

The emergence of the ES8 has another layer of meaning, that is, low-level repetition has little significance. From this policy adjustment, we can see that higher levels and performance are the driving forces in the field of new energy vehicles in China in the future. one. In 2018, the target of sales of new energy vehicles is 1 million, and there will be a large number of new energy vehicles to the market. Under the guidance of the policy, the survival of the fittest is inevitable. However, letting the market be full of competition and returning products to the essence is the right way to develop new energy vehicles. As Qiu Junjun, an electric vehicle observer, put it, “Now new energy vehicles have formed a very strong inertia and momentum. The momentum of the entire new energy vehicle, technological advancement, and social investment and recognition are all adequate, so 2018 The entire new energy automobile market should still grow faster than 2017, and may be about 40%."