What is the New Energy Vehicle Purchase Tax Exemption Policy?
2 Answers
To promote automobile consumption, the executive meeting of the State Council has decided to extend the new energy vehicle purchase subsidy and the exemption of vehicle purchase tax policy, which was due to expire at the end of the year, for another 2 years. The specific details are as follows: 1. Purchase tax exemption: The decision to exempt hybrid vehicles from purchase tax was made by Premier Li Keqiang during an executive meeting of the State Council, announcing that pure electric vehicles, as well as eligible plug-in hybrid and fuel cell vehicles that have obtained sales permits in China, will be exempt from vehicle purchase tax. 2. Subsidy benefits: Therefore, plug-in hybrid vehicles can still enjoy the policies of purchase tax exemption, green license plates, and government subsidies.
I recently switched to a new energy vehicle, and the purchase tax exemption policy saved me a significant amount of money. This policy is a national incentive for new energy vehicles, simply put, you don’t have to pay the 10% purchase tax when buying a car. I bought a pure electric vehicle last year with an original price of 200,000 RMB, and the tax would have been 20,000 RMB, but it was directly waived, which felt like a free gain. The policy applies to pure electric and plug-in hybrid vehicles, encouraging people to use fewer gasoline cars. This not only saves money but also makes me feel like I’m contributing to environmental protection. The policy has been in place since 2014 and is now extended until the end of 2027, making new energy vehicles a very cost-effective choice. I recommend my friends consider them. Overall, the money saved can be used for charging or other expenses, making life much easier.
