May 04, 2024

·Hebei lowered oil price subsidies to accelerate the pace of new energy alternative fuels in the bus sector

On April 18th, it was learned from the Finance Department of Hebei Province that a few days ago, the Provincial Department of Finance, the Provincial Department of Industry and Information Technology, and the Provincial Department of Transportation jointly issued the "Notice on Improving the Urban Bus Car Oil Price Subsidy Policy to Accelerate the Promotion and Application of New Energy Vehicles" . According to the notice, Hebei Province will reduce the subsidy for urban bus refined oil prices year by year and subsidize the operation of new energy buses.
The relevant person in charge of the Hebei Provincial Department of Finance said that the refined oil price subsidy policy implemented in 2006 has promoted the continuous improvement of the oil price formation mechanism and the stable development of the urban public transport industry. However, the long-term implementation of the refined oil price subsidy policy has actually formed a bad mechanism to encourage the purchase and use of fuel buses and hinder the promotion and application of new energy buses, which is not conducive to optimizing the energy consumption structure of the bus industry, and national energy conservation and emission reduction, air pollution. The work requirements for the prevention and development of new energy vehicles are not consistent. It is urgent to play the regulatory role of the price mechanism and establish a new mechanism to encourage the application of new energy buses and limit the growth of fuel buses.
According to the notice, Hebei will adjust the current urban bus refined oil price subsidy policy, and the subsidy funds will be declining year by year. The fee-for-tax portion of the current urban bus refined oil subsidy will not be adjusted based on the actual number of implementations in each district/city (including Xinji and Dingzhou) in 2013; the price increase subsidy will be based on the actual number of executions in 2013. Declining, which is 15% reduction in 2015, 30% reduction in 2016, 40% reduction in 2017, 50% reduction in 2018, and 60% reduction in 2019. After 2020, it will be determined according to the energy structure of urban buses.
At the same time, the amount of price increase subsidy will be linked to the promotion of new energy buses in various districts and cities (including Xinji and Dingzhou). In 2015-2019, the proportion of new energy buses in newly added and replaced buses in districts and cities (including Xinji and Dingzhou) should reach 40%, 50%, 60%, 70% and 80% respectively. If the above promotion ratio requirements are met, the price increase subsidy shall be paid according to the standard amount adjusted by the policy. If the above-mentioned promotion ratio is not achieved, the price increase subsidy in the urban bus refined oil price subsidy for the current year will no longer be enjoyed.
In addition, in order to mobilize the enthusiasm of buying and using new energy buses, Hebei will regard the province's new energy promotion target as a whole, and purchase and put on the license from January 1, 2015. The annual operating mileage must not be less than 30,000 kilometers. The new energy bus in the national recommended model catalogue will be given operational support according to relevant standards.
According to estimates, the total amount of subsidized funds for urban bus refined oil products in Hebei Province from 2015 to 2019 was 590 million, 510 million, 460 million, 410 million, and 360 million, respectively. The adjusted urban bus refined oil price subsidy funds will be used by local governments, and each district and city (including Xinji and Dingzhou) will also formulate specific management measures.
The relevant person in charge of the Hebei Provincial Department of Finance said that by improving the urban bus refined oil price subsidy policy, the subsidy targets and links will be further rationalized, and the comparative advantages of new energy buses will be gradually formed, and the pace of replacing new fuel buses with fuel buses will be accelerated. Promote energy saving and emission reduction in the bus industry.

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