Are Hybrid Vehicles Subject to Purchase Tax?
2 Answers
Hybrid vehicles are exempt from purchase tax. New energy vehicles include pure electric vehicles, range-extended electric vehicles, hybrid vehicles, fuel cell electric vehicles, hydrogen engine vehicles, and other new energy vehicles. Hybrid vehicles are gradually entering the market. Models that require purchase tax: If the hybrid vehicle belongs to micro-hybrid models such as the Changan Eado Blue Core Edition and Geely Borui MHEV, or medium-hybrid models such as the Toyota Corolla, Toyota Levin, Honda CR-V Hybrid, and Beijing Hyundai Sonata Hybrid, purchase tax is required. Models exempt from purchase tax: If the vehicle is a plug-in hybrid such as the BYD Tang, BYD Qin, SAIC Roewe ei6, GAC Trumpchi GS4 Plug-in Hybrid, Great Wall WEY P8, or Geely Borui GE, it is exempt from purchase tax.
As an enthusiast familiar with automotive policies, I find the question of whether hybrid vehicles are subject to purchase tax quite interesting. In China, the purchase tax is generally calculated at 10% of the vehicle's price, but the key factor is the type of vehicle. New energy vehicles, such as plug-in hybrids (like BYD's DM series), can enjoy tax exemption benefits. This policy has been extended multiple times since 2017 and continues in 2023. On the other hand, conventional hybrids (like Toyota's Dual Hybrid) are not considered new energy vehicles and may be subject to taxation. This is because plug-in hybrids can be charged and run on electricity, making them more environmentally friendly, which the government encourages; conventional hybrids, however, rely on internal combustion engines. It's advisable to check the Ministry of Industry and Information Technology's catalog or consult with car dealers to confirm the model before purchasing to avoid any misunderstandings. Policies are frequently adjusted, and currently, buying a plug-in hybrid saves both fuel and taxes, making it a worthwhile consideration.
