economic daily: car trade-in brings immediate and long-term benefits
2024-09-08
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the implementation of the old-for-new car policy has the characteristics of convenient and efficient operating procedures and the coordinated efforts of multiple departments. it will benefit the present and the long-term, and help promote the realization of multiple goals.
as a major consumer product, automobiles account for about 10% of the total retail sales of consumer goods in china. with a large market size, strong industrial chain driving effect, and high sense of gain among the people, automobiles are the key areas of the old-for-new policy for consumer goods. after the state council issued the "action plan for promoting large-scale equipment renewal and consumer goods trade-in" in march this year, relevant departments immediately issued the "detailed rules for the implementation of automobile trade-in subsidies", which made overall policy arrangements for the implementation of automobile trade-in. data from the ministry of commerce's automobile trade-in information platform show that as of the end of july this year, the number of applications for automobile scrapping and renewal subsidies nationwide has exceeded 410,000. recently, the ministry of commerce and seven other departments, based on the summary of previous policy implementation experience, issued the "notice on further improving automobile trade-in work" (hereinafter referred to as the "notice") to optimize and improve the automobile trade-in policy.
the most significant change in the notice is that it significantly increases the subsidy standard for car trade-ins. according to the notice, for individual consumers who scrap their old cars and buy new ones in accordance with the implementation rules for car trade-in subsidies, the subsidy standard will be increased from 10,000 yuan for new energy passenger cars and 7,000 yuan for fuel passenger cars to 20,000 yuan and 15,000 yuan respectively. the doubling of the subsidy standard will significantly increase the incentive and leverage effect of the trade-in policy, steadily expand automobile consumption, and drive the gradual upgrading of the automobile stock. in addition, after this round of optimization and improvement, the car trade-in policy has several obvious features.
the operation process is convenient and efficient. the process of scrapping old cars and purchasing new cars is complicated, and the old-for-new policy involves thousands of households. how to design an easy-to-understand operation interface and a convenient and efficient operation process is the key to promoting the effective implementation of the old-for-new policy. in terms of the operation interface, the ministry of commerce has developed an information platform for old-for-new cars, connecting the mini program with wechat, alipay, douyin, unionpay cloud quickpass and other internet platforms commonly used by the people. consumers only need to log in to the car old-for-new mini program to complete the application for car scrapping and renewal subsidies according to the system prompts, and can check the progress at any time through the online system. in terms of the operation process, the application, review, and payment can all be done online, realizing the one-stop review of subsidy applications, and consumers do not need to go to various government departments offline to "run procedures". in terms of fund disbursement, the subsidy funds are directly transferred from the fiscal account to the bank account provided by the applicant, eliminating the possibility of taking bribes in the middle link. the car old-for-new policy is designed in detail, making full use of internet technology to achieve convenience and efficiency.
how to strengthen inter-departmental coordination and give full play to policy synergy is a prominent challenge at this stage. the car trade-in policy involves government functions such as the recycling and cancellation of scrapped motor vehicles, registration of new cars, verification and comparison of information on new energy and new car models, and approval and allocation of financial funds. the relevant business involves commerce, finance, taxation, public security, etc., and the requirements for cross-departmental coordination and cooperation are high and difficult. judging from the policy effects so far, the car trade-in policy has achieved good coordination and cooperation among departments.
for example, the car trade-in policy involves a number of data and information, which are scattered in the hands of different departments. in order to efficiently implement the car trade-in policy, the ministry of commerce, the ministry of industry and information technology, the ministry of public security and other departments have realized the interconnection and sharing of cross-departmental data. for another example, the lack of pre-tax deduction vouchers has led to a high actual tax burden, which has long been a problem faced by resource recycling companies in their operations. the state administration of taxation has made it clear that resource recycling companies, including scrap car recycling companies, can "reverse invoice" to natural person sellers of scrapped products, which solves the problem of recycling companies lacking pre-tax deduction vouchers and reduces the tax burden of related companies.
the implementation of the car trade-in policy will benefit the present and the long term, and will help achieve multiple goals. for example, it will improve the utilization rate of the automobile industry's production capacity, drive the smooth circulation of the national economy; promote the structural upgrading of the automobile stock in the direction of greening and intelligence; encourage innovation in the business model of recycling and reusing waste products, and promote the development and growth of related markets; and so on. in this sense, the car trade-in policy is both an automobile industry policy and a macro-control policy. with the continuous accumulation of the stock of automobiles, home appliances, computers, mobile phones and other products, and the acceleration of the new and old iteration cycles of technology and products, the old-for-new policy may become an increasingly common consumption format in the future. as part of the circular economy, it will help achieve the intensive use of social resources.
(the author is a researcher at the institute of quantitative and technical economics, chinese academy of social sciences)
