2026.01.05 2026年，新能源汽车行业迎来两大政策变动，一是新能源汽车车辆购置税优惠力度"退坡"，从全额免征调整为减半征收（按5%税率）；二是汽车"两 新"政策补贴方式出现变化，将定额补贴调整为按车价比例补贴，虽然补贴上限保持不变，但低价车型补贴力度实际上也在"退坡"。 消息面上，1月4日晚间，一份名为《2026元旦车市客流下滑交流》的文件在机构间发酵。记者了解到，该文件信息来源于一家经销商集团的内部交流纪 要。纪要显示，2026年元旦假期乘用车整体客流量较2025年同期有所下滑。而假期客流量下滑的原因之一是，2026年新能源汽车购置税政策的调整增加了 购车成本，消费者购车存在观望情绪；另外，虽然多家车企通过多种方式为消费者提供一定的购车补贴，但这类包装后的"兜底"政策对消费者吸引力不 高。若1月购车成本比去年12月、11月更为划算，消费者需求仍有望释放，后续仍需观察第二周市场情况。 元旦假期期间，多家汽车经销商销售人员向第一财经记者表示，造车新势力因平均售价较高，所以报废补贴和置换更新补贴的变化对其影响不大；但新能 源汽车购置税"退坡"确实增加了消费者的购车成本。 记者了解到，虽然很多车企出台了" ...

Core Viewpoint - The end of the full exemption of vehicle purchase tax in China starting in 2026 will significantly increase consumer costs, yet the anticipated surge in vehicle purchases has not materialized, revealing market fatigue [1][2]. Industry Overview - The impending policy change has led consumers to rush purchases in 2025, resulting in a temporary spike in sales but an overall decline in growth rates due to market saturation [2]. - The automotive industry is experiencing extreme price competition, leading to compressed profit margins and layoffs among major manufacturers [2]. Mergers and Acquisitions - Recent acquisition rumors, including Foxconn's full acquisition of the struggling brand Luxgen and potential restructuring of Zotye by OPPO/vivo and others, indicate a shift in strategy among major players [3][9]. - Foxconn's acquisition of Luxgen is seen as a strategic move to leverage the brand for its electric vehicle ambitions, transitioning from a contract manufacturer to a legitimate automotive player [7][8]. Brand Analysis - Luxgen, once popular for its electronic features, has suffered from high fuel consumption and outdated technology, leading to its exit from the mainland market in 2020 [6]. - Despite its tarnished reputation, Luxgen's existing infrastructure and brand recognition provide Foxconn with a platform to showcase its technological advancements in electric vehicles [8]. Competitive Landscape - The entry of tech giants like Xiaomi and Huawei into the automotive sector has intensified competition, prompting traditional players to seek strategic partnerships to maintain relevance [11][12]. - Zotye's production capacity and qualifications have become valuable assets in the current market, attracting interest from major tech firms looking to secure a foothold in the automotive industry [9][10]. Future Outlook - The end of the vehicle purchase tax exemption marks a significant shift in the Chinese automotive landscape, with increased operational pressures and competition expected [16][17]. - The focus will shift from merely acquiring technology to integrating supply chain management and creating comprehensive ecosystems in the automotive sector [17].

"对2026年车市的研判是（和今年）持平。"11月6日国家信息中心正高级经济师徐长明在2025年中国汽 车流通协会论坛上这样总结。 中汽中心专家认为，2025年全年增长率在4%左右，2026年增速或放缓至3.2%。 专家们还算"乐观"，年尾沟通会上，不少车企老总给出的预测悲观的多：几乎全部认为负增长，有的甚 至给出了两位数负增长的判断。 蔚来董事长李斌直言：明年的中国车市，没有闪电战，只有消耗战，真正考验多维度粮草储备的时候到 了。 11月的终端销量提前预示了明年的光景。 乘联分会数据显示，11月全国乘用车市场零售222.5万辆，同比下降8.1%，环比下降1.1%。继10月份同 比下降0.8%之后，终端继续下滑。 而补贴退坡可能引发的年底车市抢购热潮，也并没有及时出现，给2025年留一个好看的尾声。 你可以说这是政策的平稳过渡，也可以说，车市消费力已经早早透支干净了。 NO.1 [ 补贴一停，感情归零 ] 2026年的车市，可能比下周降温的北京还要冷。 9、10月份，2025年的"省补"（8000-15000元）、"国补"（15000-20000元）在全国范围内相继"突然"暂 停或者结束。 但由于现在很多新车 ...

Core Viewpoint - The article discusses the adjustments to the technical requirements for energy-saving new energy vehicles (NEVs) in China, particularly regarding the exemption from vehicle and vessel tax, which will take effect on January 1, 2026. The new regulations impose stricter standards for plug-in hybrid vehicles and maintain existing standards for pure electric vehicles [3][8]. Summary by Sections New Regulations Overview - The Ministry of Industry and Information Technology, the Ministry of Finance, and the State Taxation Administration have released new technical requirements for NEVs, which will be implemented starting January 1, 2026 [3]. - The new regulations increase the minimum electric range for plug-in hybrid vehicles from 43 kilometers to 100 kilometers [3][4]. Specific Vehicle Requirements - For pure electric buses, the minimum range remains at 200 kilometers, while plug-in hybrid buses must have a minimum electric range of 50 kilometers. Pure electric trucks must achieve a minimum range of 80 kilometers [4][5]. - The new regulations also set fuel consumption limits for energy-saving vehicles based on their weight, with specific thresholds for different seating configurations [6][7]. Historical Context and Policy Changes - Previous policies from 2012 and 2015 established tax incentives for energy-saving and new energy vehicles. The latest announcement replaces the 2024 regulations and introduces new standards for vehicle eligibility for tax exemptions [8]. - Vehicles that meet the new criteria will be automatically included in the updated directory for tax exemptions, while those that do not comply will need to be re-evaluated and re-registered [8].

Core Viewpoint - The announcement from three departments regarding the adjustment of technical requirements for energy-saving and new energy vehicles aims to enhance the standards for vehicle tax exemptions, aligning with advancements in technology and promoting high-quality development in the industry [1][3][4]. Summary by Sections Announcement Details - The new regulations will take effect on January 1, 2026, and will replace the previous guidelines [3]. - New energy vehicles applying for tax exemptions must meet the updated technical requirements outlined in the new directory, which will be effective from the 82nd batch onwards [3]. - Vehicles listed in the previous directories (65th to 81st) that meet the new requirements will automatically transition to the new directory, while those that do not must rectify and reapply by the deadline [3]. Technical Requirements - The technical requirements for new energy passenger vehicles have been raised, including a minimum pure electric range of 100 kilometers for plug-in hybrid vehicles, up from the previous requirement of 43 kilometers [3][4]. - The adjustments are intended to ensure that policies keep pace with rapid advancements in vehicle range and engine technology [4]. Implications for the Industry - The changes are expected to encourage companies to increase R&D investments, phase out outdated products, and shift the industry focus from scale expansion to high-quality development [4]. - The updated standards are part of a broader strategy to stabilize long-term expectations for companies regarding policy support [4].

Core Viewpoint - The announcement regarding the adjustment of tax incentives for energy-saving and new energy vehicles aims to align with technological advancements and promote high-quality development in the industry, effective from January 1, 2026 [2][4][5]. Summary by Sections Announcement Details - The new policy will be implemented starting January 1, 2026, replacing the previous regulations [4]. - New energy vehicle models applying for tax incentives must meet the updated technical requirements outlined in the new directory, which will be effective from the 82nd batch onwards [4]. Technical Requirements - The technical requirements for new energy passenger vehicles have been raised, including a minimum electric driving range of 100 kilometers for plug-in hybrid vehicles, up from the previous requirement of 43 kilometers [5]. - The adjustments are intended to ensure that policies keep pace with rapid advancements in vehicle range and engine technology, encouraging companies to invest in research and development [5]. Specific Adjustments - The announcement includes updates to fuel consumption limits for energy-saving vehicles and new energy vehicles, as detailed in attachments [6]. - The technical requirements for various vehicle categories, including passenger cars, buses, trucks, and fuel cell vehicles, have been specified, with particular emphasis on energy consumption and range [16][18][20][21]. Implications for the Industry - The changes are expected to guide enterprises towards higher research and development investments, phasing out outdated products, and shifting the industry focus from scale expansion to high-quality development [5].