Are electric vehicles exempt from purchase tax?
2 Answers
Electric vehicles are exempt from purchase tax. The new energy vehicles exempt from vehicle purchase tax include pure electric vehicles, plug-in hybrid (including range-extended) vehicles, and fuel cell vehicles. The scope of vehicle purchase tax includes cars, motorcycles, electric vehicles, tractors, and agricultural transport vehicles. There are three payment methods for purchasing pure electric vehicles: full payment, deposit payment, and mortgage payment. When paying for the vehicle, the following documents are required: ID card, and the dealer provides "vehicle sales invoice," "vehicle warranty manual," and "vehicle user manual." The purchase invoice must be stamped with a business verification seal at the local Industrial and Commercial Bureau's motor vehicle market management office or a designated agent at the car trading market. Before obtaining the official license plate, the vehicle can only be driven on the road with a temporary movement permit. All new vehicles must be inspected at the testing site and obtain a temporary license plate before being allowed on the road. The temporary license plate must be prominently displayed on the front windshield of the new vehicle. Insurance must be purchased before obtaining the license plate. Car trading markets have insurance company agents, and completing the insurance procedures at the time of purchase can save future trouble. New vehicles must have compulsory traffic insurance. Precautions for purchasing pure electric vehicles: Check the range. When buying an electric vehicle, it is important to consider the range. The longer the range, the more suitable it is, as it affects convenience of use. Check the brand's quality. When buying an electric vehicle, it is advisable to choose a reputable brand to ensure quality and reliable after-sales maintenance. Check charging time and convenience. Generally, charging is a major issue for electric vehicles, so it is important to clarify the charging time. Electric vehicles are usually divided into slow charging and fast charging, so it is better to choose one with a shorter charging time.
I bought my current pure electric car tax-free. The exemption policy for new energy vehicle purchase tax has been extended to the end of 2027, which is a real benefit from the government. Buying an electric car not only saves fuel costs but also directly reduces the purchase price by 10% of the tax. For example, a 200,000 yuan car can save you 20,000 yuan. However, you need to pay attention to the model requirements—only pure electric models with a range of at least 200 kilometers qualify. The salesperson at the dealership told me that even test drive vehicles have tax-free quotas. Last time, I saw a friend who bought a plug-in hybrid had to pay tax, and only after checking the policy did I realize that extended-range hybrids won’t be exempt starting next year. Policies can change anytime, so if you’re planning to buy, it’s better to do it sooner.
