Promoting automobile consumption in Hubei: 3percent of the sales price will be subsidized for the purchase of cars in Hubei Province

category:Finance
 Promoting automobile consumption in Hubei: 3percent of the sales price will be subsidized for the purchase of cars in Hubei Province


Measures for stabilizing and expanding automobile consumption has been approved by the provincial peoples government and is now printed and distributed to you. Please implement it carefully.

Measures to stabilize and expand automobile consumption

In order to thoroughly implement the spirit of the important instructions of general secretary Xi Jinping on coordinating the efforts to promote epidemic prevention and control and economic and social development, we should implement the notice of the national development and Reform Commission and other ministries and commissions on the measures to stabilize and expand automobile consumption (No. 2020] 684, and make further efforts to stabilize and expand the work of automobile consumption in our province, so as to promote the sustained and healthy development of the auto industry in the province. The relevant matters are hereby notified as follows:

2u3001 We will implement fiscal and tax support policies for the purchase of new energy vehicles. The subsidy policy for the purchase of new energy vehicles will be extended to the end of 2022, the degree and rhythm of subsidy decline from 2020 to 2022 will be eased, and the central subsidy fund for new energy vehicle purchase will be allocated in time. The preferential policy of exempting new energy vehicles from vehicle purchase tax will be extended to the end of 2022. (responsible units: provincial finance department, provincial development and Reform Commission, provincial science and Technology Department, provincial economic and information department, and provincial taxation bureau)

3u3001 Strengthen marketing promotion. Strengthen the connection of production and sales of automobile and parts, organize enterprises to actively participate in domestic and international exhibitions, and enhance the popularity and recognition of automobile and parts in our province. Further expand the scale and influence of Wuhan auto show. Make good use of new media such as online live broadcast and cloud platform to carry out multi-channel marketing promotion. (responsible units: Provincial Department of economy and information technology, Provincial Department of Commerce, Provincial Bureau of radio, film and television)

4u3001 We will increase government procurement. According to laws and regulations, the public service vehicles produced in the province will be included in the scope of agreement supply, and government procurement electronic stores (e-mall, online supermarket, etc.) will be added. If the passenger cars, minibuses, special purpose vehicles and trucks (including dump trucks) produced by relevant enterprises have obtained the environmental identification product certification certificate issued by relevant certification bodies, the government shall give priority to procurement. (responsible units: provincial finance department, provincial public resources transaction Supervision Bureau, provincial public resources trading center (provincial government procurement center), provincial development and Reform Commission, Provincial Department of economy and information technology, and municipal, state and County Peoples governments)

6u3001 Speed up the elimination of obsolete diesel trucks. We will encourage the elimination of diesel trucks operating under national III and below emission standards ahead of schedule, encourage regions where conditions permit to carry out trade in promotion activities, and give financial support. (responsible units: Provincial Department of transportation, Provincial Department of ecological environment, Provincial Department of finance, provincial public security department, Provincial Department of Commerce, and municipal, state and County Peoples governments)

7u3001 We will implement and adjust the national sixth emission standard and implement relevant requirements. Light vehicle (total quality does not exceed 3.5 tons) six country emission standard particulate matter limit of production transition period deadline, from July 1, 2020 to January 1, 2021 before adjustment; before July 1, 2020, production and import of five emission standard light vehicles, before January 1, 2021, allow sales and registration in the province. (responsible units: Provincial Ecological Environment Department, provincial economic and information department, provincial public security department, peoples governments of cities, prefectures and counties)

8u3001 We should cultivate a characteristic consumer market. We should actively explore the integrated consumption mode of housing and transportation, make overall planning and construction of parking facilities and campsites for recreational vehicles (RV), improve supporting facilities such as water, electricity and communication, and promote the development of RV market. Encourage the development of long-term, short-term and time-sharing leasing modes, and build a diversified automobile consumption system. (responsible units: Provincial Department of culture and tourism, Provincial Department of housing and urban rural development, Provincial Department of transportation, and municipal, state and County Peoples governments)

9u3001 Simplify the process of car purchase transaction. Consumers directly handle the registration and registration business of motor vehicles in 4S stores, and take the measures of four exemptions such as no filling in forms, no copying, no submitting and no rubbing, and implements one certificate handling and one window handling. (responsible units: Provincial Department of Commerce, provincial public security department, provincial taxation bureau)

10u3001 Smooth the circulation and transaction of second-hand cars. The second-hand car trading market construction should be reasonably arranged, and the second-hand car network verification system should be established to improve the convenience of transaction registration in the second-hand car trading market. From May 1, 2020 to December 31, 2023, a vat of 0.5% of the sales amount will be levied on used cars sold by used car dealers. (responsible units: Provincial Department of Commerce, Provincial Department of public security, Provincial Department of ecological environment, Provincial Department of finance, Provincial Department of transportation, provincial taxation bureau, peoples governments of cities, prefectures and counties)

11u3001 Optimize urban parking management. Focusing on digitalization, intellectualization and networking, we will accelerate the upgrading of existing parking facilities, promote the construction of three-dimensional parking facilities, and increase the supply of parking spaces. Increase parking spaces on the roads around restaurants, supermarkets and other places in the central area of the city, and extend the allowed parking time limit during peak hours. Vehicles are allowed to park at night (from 19:00 on the same day to 7:00 the next day) on non strict urban road sections without affecting the safety of traffic. Government departments, enterprises and institutions are encouraged to establish a day and night off peak use and deployment mechanism for parking facilities with surrounding residential areas, so as to improve the utilization efficiency of existing parking facilities. (responsible units: Provincial Development and Reform Commission, Provincial Department of science and technology, Provincial Department of economy and information technology, provincial public security department, Provincial Department of housing and urban rural development, Provincial Department of transportation, peoples governments of all cities, prefectures and counties)

12u3001 Make good use of automobile consumption finance. Financial institutions are encouraged to increase credit support for automobile distribution enterprises, and they are not allowed to blindly withdraw, break or suppress loans to automobile distribution enterprises. Banking institutions are encouraged to give enterprises temporary deferred repayment of principal and interest for a certain period of time by taking measures such as adjusting the repayment period, extending loans and reducing overdue interest. Financial institutions should be encouraged to innovate automobile financial products and services, appropriately reduce the down payment ratio, extend the repayment period, and simplify the process of handling automobile consumer loans. With reference to LPR pricing (quoted interest rate of loan market), the interest rate of personal automobile consumption loan should be appropriately reduced to promote the development of automobile consumption loan market. (responsible units: Provincial Local Financial Supervision Bureau, Wuhan Branch of PBC, Hubei banking and Insurance Regulatory Bureau)