CPC Secretary General Cui Dongshu posted on his WeChat account that in less than a month, the state NEV subsidy will be terminated and withdrawn. With the reduction in the amount of subsidies, withdrawing subsidies in the future will benefit the market-based development path of the NEV market. Currently, the fuel vehicle market has shrunk sharply. Our passenger car gasoline consumption has basically reached its peak and is gradually decreasing. It is 10 years earlier than other industries that achieved carbon peaks. This is also the result of the NEV incentive policy. However, the vehicle purchase tax for new energy vehicles is still completely exempt, so the tax measures that drive sales of new energy vehicles will still drive the year-end increase in the next two years, and the domestic NEV market will still grow relatively rapidly in the future.