According to the Titanium Media App on July 6th, yesterday (5th), four departments including the Ministry of Industry and Information Technology released the 2021 “Double Points” announcement for the automotive industry. The announcement shows that the scale of point transactions in 2021 has increased significantly, with new energy point transactions of 10.94 billion yuan, a year-on-year increase of 322%. The "double points" of the automobile industry is based on the implementation of fuel consumption points assessment for auto manufacturers. In 2017, the point assessment of new energy vehicles was added. In layman's terms, enterprises that meet the standards will generate positive points, and those that fail to meet the standards will generate negative points. Enterprises with negative points can achieve compliance by purchasing positive points for new energy vehicles. (Source: CCTV)
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