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.

[BrookeLynn]

I just bought a Tesla Model 3, and pure electric vehicles are indeed exempt from purchase tax, which is called tax exemption in national policies. I've researched it - new energy vehicles, especially pure electric ones, have enjoyed government incentives since 2014, with multiple extensions, and they're still tax-exempt in 2023. For a car costing over 200,000 yuan, the purchase tax would normally be about 20,000 yuan, but now it's directly saved - really great. I also asked the 4S store, and they said the policy aims to promote environmentally friendly vehicles and encourage people to drive with peace of mind. If you're worried about the policy expiring, it's best to act quickly, but I think the tax exemption will last for at least a few more years. Daily charging is cheap, and maintenance is simple - it's a win-win situation.

[VanDamian]

From a policy perspective, electric vehicles are currently exempt from purchase tax, a measure implemented by the government to reduce pollution and promote new energy vehicles. I've noticed that China started exempting pure electric vehicles from purchase tax in 2014, which was later extended to the end of 2023 and may continue to be extended. The exemption criteria are clear: only pure electric vehicles qualify, while hybrids may not always be fully exempt. In terms of calculation, the purchase tax is generally 10% of the vehicle price, saving consumers thousands to tens of thousands of yuan, making electric vehicles more affordable for ordinary families. However, it's important to stay updated on policy changes, such as adjustments to financial subsidies. Before purchasing, it's best to check the official website or consult the tax authorities, and not blindly trust sales claims.

[DeElla]

Exempting electric vehicles from purchase tax is a great thing, why? Because it encourages people to choose green transportation and reduces exhaust emissions. The government stimulates the market through tax exemption policies, and now buying a pure electric vehicle doesn't require worrying about that extra cost. I've been following environmental topics for a long time, and this policy makes electric vehicles more affordable for more people, such as popular models like the BYD Han. The saved tax money can be used for higher insurance premiums or modification parts. Even if the policy changes, we should stick to the concept of environmental protection, as air pollution is more harmful to both finances and health. It's advisable to seize the opportunity to buy and enjoy this benefit.