Zhong Guo Zheng Quan Bao·2025-08-18 09:01Core Insights - The dependency of new energy vehicle (NEV) companies on subsidies is gradually decreasing as the industry matures and subsidy policies are being refined [1][4][5] Group 1: Subsidy Overview - The total amount of subsidies for NEV promotion from 2016 to 2020 reached 1.654 billion yuan, with a pre-allocation of 168 million yuan for 2021-2022, significantly lower than the peak amounts of 917 million yuan in 2017 and 405 million yuan in 2018 [1][2] - The 2021-2022 subsidy allocations involved 19 companies across 10 provinces, with Shaanxi province receiving the highest amount of 37.91 million yuan, followed by Shenzhen at 35.56 million yuan and Shanghai at 35.18 million yuan [2] Group 2: Company-Specific Subsidy Data - BYD emerged as the largest beneficiary of subsidies, receiving 37.91 million yuan and 35.56 million yuan for its operations in Shaanxi and Shenzhen respectively, while Tesla (Shanghai) received 30.15 million yuan [2] - New energy vehicle startup Leap Motor received only 2.76 million yuan, indicating that traditional automakers dominate the subsidy distribution [2] Group 3: Compliance and Issues - Common reasons for failing to pass subsidy clearance include non-compliance with documentation requirements and incorrect vehicle registration information, with Chery Auto facing a higher than average deduction rate [3] - Chery Auto clarified that its deductions were part of the normal process and not due to any fraudulent behavior [3] Group 4: Industry Maturity - From 2016 to 2020, a total of 75,814 NEVs were reported, with 54,089 approved, leading to a deduction of 21,725 vehicles and a total subsidy claim of approximately 2.93 billion yuan [4] - The industry has shown a significant reduction in reliance on subsidies, with NEV sales reaching 6.968 million units in the first half of 2025, accounting for 44.3% of total new car sales, reflecting a shift towards market-driven growth [4] Group 5: Policy Evolution - The subsidy policy has evolved from simple purchase incentives to a comprehensive strategy linking technical standards, infrastructure support, and global competitiveness [5] - By 2025, the subsidy for vehicles priced below 150,000 yuan will be reduced to 7%, indicating a strategic shift towards empowering the entire industry chain rather than just consumer incentives [5]