Do new energy vehicles need to purchase purchase tax?
2 Answers
New energy vehicles do not need to purchase purchase tax. Some pure electric vehicles that have obtained sales licenses in China and meet the conditions for plug-in hybrid and fuel cell vehicles are exempt from vehicle purchase tax. New energy vehicles must meet the following conditions simultaneously: 1. Pure electric vehicles, plug-in hybrid vehicles, and fuel cell vehicles that are licensed for sale in China; 2. The power battery used does not include lead-acid batteries; 3. The comprehensive fuel consumption of plug-in hybrid commercial vehicles (excluding fuel consumption converted from electricity) is less than 60% of the corresponding limit in the national standard for conventional fuel consumption; 4. The comprehensive fuel consumption of plug-in hybrid passenger vehicles (excluding fuel consumption converted from electricity) is less than 60% of the corresponding target value in the national standard for conventional fuel consumption.
Hey, talking about whether new energy vehicles are subject to purchase tax, I’ve got a money-saving experience to share. Last year, I bought an electric car and was initially worried about the hefty purchase tax. But after checking, I found out that China’s policy offers a huge discount: pure electric and plug-in hybrid vehicles are basically exempt from purchase tax. My car saved me nearly 8,000 yuan—felt like getting a free pie! However, policies can change; for example, I heard there might be some adjustments in 2024, so it’s best to check the latest status on official websites or at 4S stores before buying. The tax exemption not only reduces the down payment pressure but can also be combined with local subsidies, like free license plate fees or charging discounts in certain cities. All in all, the overall cost is much lower than that of fuel-powered cars—both economical and eco-friendly. My advice to fellow car buyers: keep an eye on these incentives and save wherever you can!
