Is the Lynk & Co 09 PHEV exempt from purchase tax?
4 Answers
Lynk & Co 09 PHEV is exempt from purchase tax. Introduction to Lynk & Co: It is a new era premium brand jointly established by Geely Holding Group, Geely Auto Group, and Volvo Car Group. It integrates European technology, European design, global manufacturing, and global sales, based on the CMA (Compact Modular Architecture) jointly developed by Volvo Cars and Geely Auto, with Volvo Cars taking the lead. Automobile Purchase Tax: Automobile purchase tax is levied on individuals and units purchasing specified vehicles within China. It evolved from the vehicle purchase surcharge. The current basic regulations of automobile purchase tax law are implemented from January 1, 2001, under the "Provisional Regulations of the People's Republic of China on Vehicle Purchase Tax."
Just helped a friend pick up the Lynk & Co 09 PHEV, and this car is indeed exempt from purchase tax! National policy is particularly favorable towards plug-in hybrids with pure electric range exceeding 80km, saving you tens of thousands. When picking up the car, remember to ask the 4S store for a screenshot of the "Exempt Vehicle Purchase Tax Catalog" to show directly to the DMV during registration. However, be mindful of the tax exemption timeline as next year's policy might see minor adjustments. The biggest advantage of choosing a new energy vehicle is avoiding this extra expense, especially for mid-to-large SUVs in the 300k price range where purchase tax would normally cost 20-30k yuan.
As a new energy vehicle salesperson, it must be clearly stated: All Lynk & Co PHEV models are included in the purchase tax exemption list. The key lies in two hard indicators—the battery range meets the MIIT standards (the 09 PHEV's NEDC pure electric range of 84km is fully compliant), and the manufacturer has applied for the tax exemption catalog before leaving the factory. Purchasing now still allows you to enjoy policy benefits until the end of 2025, and manufacturers usually convert the exempted tax into additional purchase incentives. Note that the tax exemption declaration procedures must be completed within 60 days after purchase.
The Lynk & Co 09 PHEV fully qualifies for the purchase tax exemption. After checking the latest "New Energy Vehicle Purchase Tax Exemption Catalog," its model number CMA7206DPHEV01 is clearly listed. The key criteria are that the fuel consumption in charge-sustaining mode and pure electric range must meet the standards. A reminder to everyone: the tax exemption only applies to new vehicles, and used vehicles must pay taxes based on the remaining years. It is recommended to have the dealer handle the tax exemption certificate directly when purchasing the car to avoid the hassle of visiting the tax bureau. The policy is valid until December 31, 2025, so those interested should act quickly.
