Some Circularity elements in New Automobile Industry Development Plan
In September, the Ministry of Industry and Information Technology and other 6 departments released a Work Plan for Stabilizing Growth of the Automobile Industry (2023-2024). It sets the targets that, in 2023, the automobile industry should strive to achieve sales of about 27 million units, with a year-on-year growth of about 3%: (1) the sale of new energy vehicle sales should reach to 9 million units, with a year-on-year growth of about 30%; and (2) the value-added of the automobile manufacturing industry should increase by about 5% year-on-year. In 2024, the automobile industry operation should maintain in the reasonable range, and the quality and efficiencies of the industrial development should be further improved. This plan puts “promoting the scrapping and renewal of old vehicles and the consumption of second-hand vehicles” as the fourth of seven work focuses. It requires eliminating and scrapping passenger cars passenger cars that can only comply with National III or lower emission standards, and non-compliant non-standard commercial vehicles, and to improve the recycling of end-of-life motor vehicles. It further requires that localities abolish any existing restrictions on the relocation of second-hand vehicles that meet the highest environmental (V) standard. However, these requirements have already been raised in existing dedicated policy documents , and the 2023-2024 plan doesn’t provide more detailed policy measures.