What are the new energy vehicle policies?
2 Answers
On August 1, 2014, three ministries including the State Administration of Taxation jointly issued the "Announcement on Exempting New Energy Vehicles from Vehicle Purchase Tax", stipulating that from September 1, 2014 to December 31, 2017, new energy vehicles purchased would be exempt from vehicle purchase tax: 1. Vehicle purchase tax: The "Announcement of the Ministry of Finance, State Administration of Taxation, and Ministry of Industry and Information Technology on Exempting New Energy Vehicles from Vehicle Purchase Tax" stipulates that from September 1, 2014 to December 31, 2017, new energy vehicles purchased would be exempt from vehicle purchase tax. New energy vehicles exempt from vehicle purchase tax include pure electric vehicles, plug-in (including range-extended) hybrid vehicles, and fuel cell vehicles (consistent with the financial support standards); 2. Vehicle and vessel tax: The "Notice of the Ministry of Finance, State Administration of Taxation, and Ministry of Industry and Information Technology on the Vehicle and Vessel Tax Policy for Energy-Saving and New Energy Vehicles and Vessels" stipulates that "new energy vehicles and vessels are exempt from vehicle and vessel tax." This document clearly specifies that new energy vehicles include pure electric vehicles, plug-in hybrid vehicles, and fuel cell vehicles (consistent with the financial support standards). It also sets identification standards, such as power batteries excluding lead-acid batteries; the maximum electric power ratio of plug-in hybrid vehicles must be greater than 30%; etc. Subsequently, the three ministries jointly formulated two batches of the "Catalog of Vehicle Models for Energy-Saving and New Energy Vehicles and Vessels Eligible for Vehicle and Vessel Tax Reduction and Exemption", published in Announcements No. 7 and No. 25 of 2012 by the three departments. Only new energy vehicles listed in the catalog can enjoy the exemption; 3. Value-added tax: According to the "Provisions on Pilot Value-Added Tax Reform and Related Matters", the input tax of value-added tax general taxpayers purchasing motorcycles, cars, and yachts for self-use that are subject to consumption tax can be deducted. This document has been in effect since August 1, 2013.
New energy vehicle policies mainly refer to various measures taken by the government to promote environmentally friendly vehicles. When I bought a car before, I experienced the joy of saving money firsthand. The national purchase subsidies could save up to tens of thousands of yuan, and the exemption from purchase tax directly reduced expenses. Local governments also offer complementary benefits. For example, in Shanghai, new energy license plates are issued for free without purchase restrictions, while in Beijing, they enjoy the privilege of no driving restrictions, significantly reducing weekly commuting pressure. Additionally, the government is heavily investing in charging stations. The mall near my home has free parking spaces equipped with fast-charging piles, making it super convenient to use. These policies not only help car owners save money but also promote the popularity of electric vehicles, reduce emissions from gasoline cars, and improve the overall environment. When choosing a new energy vehicle, it's best to check the latest local subsidy policies first, as the application process is very simple.
