Do electric vehicles need to pay purchase tax?

[TylerAnn]

No purchase tax is required. The following is a detailed introduction to vehicle taxes: 1. Consumption tax: For passenger cars, three tax rates are set according to the size of the engine displacement, and the tax is levied on manufacturers. 2. Value-added tax: Value-added tax refers to a turnover tax levied on the basis of the added value generated in the circulation process of goods (including taxable services). The sale of goods or the provision of processing, repair, and replacement services, as well as the import of goods and the provision of tangible movable property leasing services, are subject to a 17% tax rate, which applies to automobile transactions. 3. Purchase tax: A 10% vehicle purchase tax is levied on the purchase of passenger vehicles with a displacement of 1.6 liters or less. The new vehicle purchase tax is calculated as the new vehicle price (including tax) ÷ 1.17 (17% VAT rate) x purchase tax rate. 4. Vehicle and vessel tax: The vehicle and vessel usage tax is a usage behavior tax levied on vehicles traveling on public roads and vessels sailing in domestic rivers, lakes, or port waters, calculated based on their type (such as motor vehicles, non-motor vehicles, passenger cars, cargo trucks, etc.), tonnage, and the prescribed tax amount.