Is There a Purchase Tax for Model Y?
2 Answers
There is no purchase tax for Model Y. Below are the specific details about Model Y: 1. Purchase Tax: The Ministry of Industry and Information Technology released the latest list of "New Energy Vehicle Models Exempt from Vehicle Purchase Tax" (41st batch), which includes Tesla Model Y models. 2. Vehicle Configuration: According to the information displayed by the Ministry of Industry and Information Technology, the new version of the domestically produced Model Y to be announced will be equipped with a front AC induction motor and a rear permanent magnet synchronous motor. The maximum power of the front and rear motors is 137 kW and 220 kW respectively, and the peak torque is 219 N·m and 440 N·m respectively.
Last year, I helped a friend pick up a Model Y, and currently, the purchase tax is fully exempt for this car! The national new energy vehicle tax exemption policy has been extended until the end of 2025. However, be aware that any part of the invoice price exceeding 339,000 RMB will be subject to tax, such as if you opt for the long-range or performance version which might exceed the limit. When I picked up the car, the salesperson directly mentioned that the car price included subsidies, and advised bringing an ID card to directly apply for the tax exemption certificate. But after 2026, the policy might change, so if you have plans to buy a car, you should act quickly. By the way, it's also important to check local policies regarding new energy vehicle license plates in advance.
