On the last working day of 2016, the Ministry of Finance announced the "notice on adjusting the financial subsidy policy for the promotion and application of new energy vehicles". Consumers who buy new energy vehicles this year will face a cost increase of more than 30%. Specifically, the maximum amount of national subsidy for pure electric passenger vehicles was reduced from 55000 in 2015 to 44000; The subsidy for plug-in hybrid power was reduced from 30000 to 24000.

  The new policy also sets the upper limit of central and local subsidies, in which the local financial subsidies (the sum of local financial subsidies at all levels) shall not exceed 50% of the central financial subsidy. Taking hybrid passenger vehicles as an example, the newly adjusted financial subsidy shows that the central subsidy is 24000 yuan. If calculated according to the proportion of 50%, the total amount of national and local subsidies available is 36000 RMB, but in 2016, the maximum amount of the subsidy will reach 54000 RMB, and the total range of "decline" will reach 33%.

  The guiding price of SAIC Roewe e550 standard model, the best-selling hybrid passenger vehicle in Shanghai, is 239800. The price after subsidy (Shanghai as an example) was 185800 in 2016 and 201800 in 2017. Consumers may spend 18000 yuan more.

  In addition, new energy vehicle purchase subsidies in some districts of Shanghai, such as the subsidy of 10000-15000 yuan per vehicle in Chongming and 15000 yuan per vehicle in Jiading, will also be cancelled in accordance with the new deal.