Many enterprises look forward to clarifying the subsidy policy of "hydrogen energy".

Published: Sep 7, 2020 10:23

SMM News: in the first half of this year, affected by the COVID-19 epidemic, the new energy vehicle industry suffered a severe impact, but the relevant departments issued a series of support policies to effectively promote the recovery of the new energy vehicle market. But on the other hand, there are few corresponding support policies for other energy fuel cell vehicles, so many enterprises call for the introduction of relevant support policies as soon as possible.

It is generally believed that for other types of fuel cell vehicle industry in the early stage of development, the introduction of national subsidy policy is particularly important, which can be said to be the basis for promoting the rapid development of an industry. So in many new types of fuel cells, for the hydrogen energy fuel cell vehicle industry, the subsidy policy has been the focus of the industry.

Many enterprises also believe that the current downturn in the production and sales of fuel cell vehicles is mainly affected by two factors: one is that the epidemic is disadvantageous to the implementation of enterprise production plans, and the other is that policy uncertainty also brings adverse effects. In April this year, the notice on adjusting and improving the subsidy policy for new energy vehicles was issued, but so far the subsidy rules have not been announced, and the uncertainty of the policy has led to a wait-and-see state for both production enterprises and the market. The combination of the two factors led to a sharp decline in production and sales of fuel cell vehicles in the first half of this year.

In addition, the industrialization time of fuel cell vehicles is relatively short, and the industry is still in the early stage of development. if the cost of a hydrogen fuel cell vehicle in China needs 700,000 yuan to 800,000 yuan, while the fuel vehicle of the same level only needs more than 100,000 yuan, it will take a long time to reduce the cost. Then from the perspective of commercialization, it is very important to subsidize the policy for a long time, and the lack of policy will lead to a great slowdown or even stagnation in the development of the industry.

Editor's comments:

At present, the fuel cell vehicle industry dominated by hydrogen is mainly driven by policy, and the policy uncertainty will greatly affect the enthusiasm of enterprises. In addition, some hydrogen fuel cell vehicles can only be subsidized in model cities, leaving many companies on the sidelines. Coupled with this year's fuel cell vehicle subsidy policy has not yet been issued, the policy is unclear, enterprises have no evidence to test, short-term production and sales have declined. Although our country is making great efforts to develop new energy vehicles, they are basically based on "electricity". In the face of some more advanced or uncertain energy fuels, there is indeed a phenomenon that they can not be fully covered in terms of policies and subsidies.

"Click to understand and sign up: 2020 China Automotive New Materials Application Summit Forum

Scan the QR code above to view the business cards of the participating companies and sign up online

Scan the code and apply to join the SMM Automotive Industry Exchange Group.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
"Premier Li Qiang Leads State Council Meeting on Enhancing Effective Investment, Boosting Economic Growth"
15 hours ago
"Premier Li Qiang Leads State Council Meeting on Enhancing Effective Investment, Boosting Economic Growth"
Read More
"Premier Li Qiang Leads State Council Meeting on Enhancing Effective Investment, Boosting Economic Growth"
"Premier Li Qiang Leads State Council Meeting on Enhancing Effective Investment, Boosting Economic Growth"
Premier Li Qiang presided over an executive meeting of the State Council to study policy measures for promoting effective investment. The meeting noted that promoting effective investment plays an important role in stabilizing economic growth and strengthening momentum for development. It is necessary to innovate and improve policy measures, and intensify efforts to enhance the efficiency of utilizing funds such as central budget investments, ultra-long-term special treasury bonds, local government special bonds, and new-type policy-based financial instruments. In conjunction with formulating and implementing the 15th Five-Year Plan
15 hours ago
"Guided by Xi Jinping Thought, Implement 20th CPC Congress Spirit, Apply New Development Philosophy...
15 hours ago
"Guided by Xi Jinping Thought, Implement 20th CPC Congress Spirit, Apply New Development Philosophy...
Read More
"Guided by Xi Jinping Thought, Implement 20th CPC Congress Spirit, Apply New Development Philosophy...
"Guided by Xi Jinping Thought, Implement 20th CPC Congress Spirit, Apply New Development Philosophy...
Guided by Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, we will thoroughly implement the spirit of the 20th National Congress of the Communist Party of China and the plenary sessions of the Party’s 20th Central Committee, fully and faithfully apply the new development philosophy, strengthen top-level design, build computing power interconnection nodes oriented toward national hub periods, major strategic regions, and key industries, establish a system of computing power interconnection nodes, improve the efficiency and service level of public computing power resources, and promote high-quality development of computing power.
15 hours ago
Indirect Iran-US Nuclear Talks in Muscat Show Progress, Omani FM Mediates Tense but Efficient Discussions
15 hours ago
Indirect Iran-US Nuclear Talks in Muscat Show Progress, Omani FM Mediates Tense but Efficient Discussions
Read More
Indirect Iran-US Nuclear Talks in Muscat Show Progress, Omani FM Mediates Tense but Efficient Discussions
Indirect Iran-US Nuclear Talks in Muscat Show Progress, Omani FM Mediates Tense but Efficient Discussions
After intensive indirect consultations, the new round of nuclear talks between Iran and the US in Muscat, the capital of Oman, has achieved phased progress. It is reported that during this round of talks, the Iranian and US delegations did not meet directly. Instead, Omani Foreign Minister Badr acted as an intermediary, conveying a series of core proposals, strategic concerns, and policy positions to the other side. The atmosphere at the talks was tense yet efficient. According to preliminary on-site assessments, although both sides continue to negotiate over specific terms, they have reached a consensus on the key objective of "continuing dialogue."
15 hours ago