Do BYD Hybrid Vehicles Need to Pay Purchase Tax?
2 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.
I've been paying attention to BYD's hybrid models recently, such as the BYD Qin PLUS DM-i, a plug-in hybrid electric vehicle (PHEV) that falls under the new energy vehicle category. In China, it's definitely exempt from purchase tax! This policy will continue until the end of 2027, which means you can save tens of thousands of yuan at once. Not only does it save money, but it also promotes more environmentally friendly driving. If you're buying a new car, you can place your order with confidence. Remember to ask for details at the 4S store—they'll help you with the tax exemption process. Plus, with charging stations becoming more and more widespread, driving is now more cost-effective and convenient.
