What is the New Energy Vehicle Purchase Tax Exemption Policy?

[DiEmersyn]

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.