Do BYD Hybrid Vehicles Need to Pay Purchase Tax?
1 Answers
BYD hybrid vehicles are exempt from purchase tax. The following are the conditions for exemption: 1. Domestic sales: Pure electric vehicles, plug-in (including range-extended) hybrid vehicles, and fuel cell vehicles that are licensed for sale in China. The power batteries used do not include lead-acid batteries. 2. Fuel consumption: The comprehensive fuel consumption (excluding fuel consumption converted from electricity) of plug-in hybrid passenger vehicles must be less than 60% of the corresponding target value in the current national standard for conventional fuel consumption. The comprehensive fuel consumption (excluding fuel consumption converted from electricity) of plug-in hybrid commercial vehicles must be less than 60% of the corresponding limit value in the current national standard for conventional fuel consumption. 3. Compliance with standards: The vehicles must pass special inspections for new energy vehicles and meet the requirements of new energy vehicle standards.