Is there a subsidy policy for Tesla Model 3?
2 Answers
Tesla Model 3 does not have a subsidy policy. Tesla does not receive subsidies, only domestic new energy vehicles are eligible for subsidies. Tesla is not included in the subsidy catalog and therefore cannot obtain subsidies. Relevant information about Tesla Model 3 is as follows: 1. According to national policy, only models listed in the "Catalog" are eligible for national subsidies, meaning they must also pass the approval of the Ministry of Industry and Information Technology. 2. If Tesla were to be domestically produced, it could receive new energy subsidies. Based on the current range standards, Model 3 could receive a subsidy of 66,000 RMB (44,000 national subsidy + 22,000 local subsidy), and the 25% tariff would also be eliminated.
The Tesla Model 3 does qualify for relevant subsidy policies, primarily as part of incentives for new energy vehicles. Here in China, I know the government has introduced policies to promote electric vehicles. In the past, there were direct cash subsidies, but these have been phased out over the last two years. Currently, the Model 3 benefits from an exemption on the vehicle purchase tax, meaning buyers don’t have to pay that roughly 10% tax. For example, this can save 10,000 to 20,000 yuan on the Model 3’s price, effectively acting as a discount. In some places like Shanghai, there’s an additional perk of a free green license plate, which is a huge draw for buyers in cities with license plate restrictions. In Beijing, it exempts owners from the hassle of the license plate lottery queue. Policies do change, so when I bought my car last year, I checked the official MIIT website or the Tesla app to confirm the current policies. Overall, these subsidies make the Model 3 more cost-effective and encourage more people to choose eco-friendly vehicles.
