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1、China PV Market Mid- ignoring improvement in energy-saving 21 汽車市場展望汽車市場展望汽車市場展望汽車市場展望 05.7.106.1.106.7.107.1.107.7.108.1.108.7.109.1.1 Phase 1Phase 1Phase 1Phase 2Phase 2Phase 2 Phase 1Phase 1Phase 1Phase 2Phase 2Phase 2 New Approv ed cars New New ApprovApprov ed carsed cars In- produci ng cars InI2、n- - produciproduci ng carsng cars Passenger Vehicle Fuel Consumption Limit(GB19578-2004) Implementation Schedule Phase 2 saves 10% more than phase 1; phase 3 saves 15%-20% more than phase 2. 12.1.1 Phase 3Phase 3Phase 3 Policies: (1) Energy-Saving for ICEs Direct Measures: mandatory fuel consumptio3、n limit 4. Policies and Market Structure 22 汽車市場展望汽車市場展望汽車市場展望汽車市場展望 Indirect Measures: Taxation, affecting consumer behavior PV(incl. SUV) consumption tax rate Engine Displacement Since Apr 1, 2006 Since Sep 1, 2009 Rate change 1.0L3%1%-2% 1.0L - 1.5L (incl.)3%3%0 1.5L - 2.0L (incl.)5%5%0 2.0L - 2.5L (incl.)9%9%0 2.5L - 3.0L (incl.)12%12%0 3.0L - 4.0L (incl.)15%25%+10% 4.0L20%40%+20% 23 汽車市場展望汽車市