Hangzhou subsidy regulations have been implemented. From June 2022 to December 2022, there will be subsidies for purchasing new energy vehicles in all models (taking Idealseat as an example).

Starting with the conclusion: The subsidy process for purchasing new energy vehicles in Hangzhou is very simple and does not require car owners to take action. This is especially true for owners of newly-purchased Ideal ONE vehicles and future Ideal L9 owners in Hangzhou. Please read this carefully and if you have any questions, feel free to ask in the comments below.

I: Hangzhou New Energy Vehicle Subsidy Policy 2022:

On June 28th, 2022, the Hangzhou Municipal Bureau of Commerce issued the “Detailed Implementation Rules for Hangzhou’s New Energy Vehicle Purchase Subsidy in 2022,” and the new energy vehicle subsidy policy was officially put into effect. According to the implementation rules, Hangzhou will provide subsidies to consumers who purchase eligible new energy vehicles in Hangzhou from June to December 2022. The subsidy is 10,000 yuan for cars priced at 30 million yuan (including tax) or more, 6,000 yuan for cars priced between 200,000 yuan and 300,000 yuan, and 2,000 yuan for cars priced below 200,000 yuan.

Therefore, Ideal ONE and Ideal L9 owners are both eligible for the 10,000-yuan subsidy. If you’re a car owner with an invoice date between June and December 2022, you can apply for the subsidy. PS: Even owners who have already taken delivery of their cars can still benefit as long as the invoice date is on or after June 1st, 2022.

II: How to Apply for the Hangzhou Ideal Car Subsidy in 2022?

(1) Declaration: Ideal car owners should submit the following information to our delivery specialists after their car is licensed: name, ID number, phone number, VIN number, invoicing date, invoice number, purchase amount, materials that can prove that the vehicle registration process has been completed, license plate number, and bank card number.

(2) Our delivery specialists will then submit the above information to the “Qin Qing Online” platform of the local taxation authority where the invoice was issued for declaration.

## (II) Redemption:

1. The local business bureau confirms and approves the relevant information of the ideal car owner and the subsidy amount on the “Friendly and Clear Online” platform;
2. The local finance bureau pays the subsidy funds to the approved ideal car owner through the “Friendly and Clear Online” platform;
3. The “Friendly and Clear Online” platform deposits the corresponding subsidy funds into the bank account provided by the eligible ideal car owner.

PS: Here I must remind everyone that the reserved bank card must be a type 1 card and a commonly used bank card to avoid the failure of payment. Remember! Remember!! Remember!!!

III: Notes

1. The applicant, car buyer, vehicle owner, name on the invoice, vehicle driving license and bank account name must belong to the same person.

2. Valid identity documents include resident identity cards, passports, Mainland Travel Permit for Hong Kong and Macao Residents, Mainland Travel Permit for Taiwan Residents, Hong Kong, Macao and Taiwan residents’ residence permits, and foreigner’s residence permits, etc.

3. The applicant is responsible for the integrity and authenticity of the application materials. Those who fail to provide complete and valid materials will not be able to obtain financial subsidy funds. Those who provide false information, maliciously apply for or defraud subsidies will be held accountable according to law.

4. The applicant does not need to pay any fees when applying for subsidy application. (Do not believe any fraud calls during the application period. This project does not require any fees!!!)

5. During the subsidy period, each applicant can only enjoy the subsidy for one new energy vehicle. The provincial, municipal, and district automobile consumption subsidy policies do not overlap. Vehicles that have been declared or have enjoyed other car purchase subsidies will not be able to reapply.

Finally, I still want to say: Congratulations on your car purchase.

May we all love this world and embrace the ideal life we want while having our own Ideal ONE. No one can define your “success”. Living yourself is the best answer.

This article is a translation by ChatGPT of a Chinese report from 42HOW. If you have any questions about it, please email bd@42how.com.