Do You Need to Pay Purchase Tax When Buying a New Energy Vehicle?
2 Answers
Buying a new energy vehicle does not require paying purchase tax, provided the following conditions are met: 1. The vehicle must be a pure electric vehicle, plug-in hybrid vehicle, or fuel cell vehicle that is licensed for sale in China. The power battery used must not include lead-acid batteries; 2. For plug-in hybrid commercial vehicles, the comprehensive fuel consumption (excluding fuel consumption converted from electricity) must be less than 60% of the corresponding limit in the current national standard for conventional fuel consumption; 3. For plug-in hybrid passenger vehicles, the comprehensive fuel consumption (excluding fuel consumption converted from electricity) must be less than 60% of the corresponding target value in the current national standard for conventional fuel consumption.
When I bought a new energy vehicle last time, I learned that basically no purchase tax is required because national policies encourage people to choose environmentally friendly models. For example, pure electric vehicles and some plug-in hybrid vehicles have been exempt from purchase tax since a few years ago, and this incentive has been extended to 2027. Specifically, when I bought my car, I saved about 10% of the car's price, which was quite cost-effective. The process is simple: apply for tax exemption directly in the tax system when purchasing the car, just bring the car purchase invoice and ID. Additionally, local governments may offer extra subsidies, such as when I was in Beijing, I also received a cash rebate. Overall, this policy encourages more people to switch to new energy vehicles, saving money and benefiting the environment. It is recommended to check the latest rules on the official website before buying a car to avoid misinformation.