(Beijing/Guangzhou Comprehensive News) The Chinese three departments issued an announcement on Wednesday (June 21) to extend the purchase tax reduction period for consumers to purchase new energy vehicles for four years to 2027, and the scale of reduction of 520 billion yuan (RMBIn the same, S $ 97.2 billion).
China New Energy Vehicle Removal Tax Policy has been implemented for nearly nine years. This is the fourth official continuation policy to stimulate car consumption to boost domestic demand.
Comprehensive Surging News and 21st Century Economic Herald, the announcement issued by the Ministry of Finance, the General Administration of Taxation, the Ministry of Industry and Information Technology showed that the exemption of new energy vehicles exempt vehicle purchase tax continued to the end of December 2025. Among themThe tax exemption of each new energy passenger car does not exceed 30,000 yuan; the purchase date from January 2026 to the end of December 2027 is half a tax collection tax for new energy vehicles. Among them, each new energy passenger car is reduced.The tax amount does not exceed 15,000 yuan.
China has launched new energy vehicle -free vehicle purchase tax since September 2014. It extended three times in 2017, 2020 and 2022. This policy was previously continued until the end of December 2023.
Xu Hongcai, deputy minister of the Ministry of Finance, said at the press conference on Wednesday that as of the end of 2022, the cumulative tax exemption scale of this policy exceeded 200 billion yuan, and it is expected that the tax exemption in 2023 will exceed 115 billion yuan.
Xu Hongcai said that the preliminary estimate was that the total amount of vehicle purchase tax reduction and exemption from new energy vehicle vehicle purchase tax reduction and exemption policy will reach 520 billion yuan from 2024 to 2027.
As the Chinese economic recovery is weak, officials are taking some measures to regain the economy and extend the policy of reducing the purchase tax reduction and exemption policy of new energy vehicle vehicles.
At the executive meeting of the State Council of the Chinese State Council earlier this month, it is proposed that it is necessary to continue and optimize the new energy vehicle vehicle purchase tax reduction policy to release the potential of new energy vehicle consumption.
The tax -free tax policy has provided support for China's new energy vehicle market in recent years.According to statistics from the China Automobile Industry Association, in 2022, the annual production and sales of China's new energy vehicles completed 7.058 million and 6.887 million, respectively, an increase of 96.9%and 93.4%year -on -year, ranking first in the world for eight consecutive years.
