Recently, the Ministry of Finance, the Ministry of Industry and Information Technology, and the State Administration of Taxation issued the "Announcement on the Continuing the Policy of Exemption of Vehicle Purchase Tax for New Energy Vehicles", which exempts vehicle purchase tax for new energy vehicles from January 1, 2023 to December 31, 2023.
Favorite policies for new energy vehicles continue
China Automobile Industry Association data shows that in the first nine months of this year, the cumulative sales of new energy vehicles reached 4.567 million, increased by 1.1 times year-on-year, and the market share jumped to 23.5%.
In 2020, my country's new energy vehicle sales were 1.367 million units, a year-on-year increase of only 10.9%. China's new energy vehicle market has rapidly achieved leapfrog development. A series of favorable policies such as exemption of purchase tax are key factors that promote the development of new energy vehicles.
Since the market-oriented promotion of new energy vehicles, national subsidies for new energy vehicles and exemption from purchase tax have always been maintained. These two favorable support policies have played an important role in the development of new energy vehicles. According to relevant regulations, the national subsidy and exemption of purchase tax for new energy vehicles will be withdrawn from the market by the end of this year. The release of the "Announcement on the Continuation of the Policy for Vehicle Exemption of Vehicle Exemption of New Energy Vehicle Exemption" is an official announcement on the previous multiple rounds of "continuation of exemption of purchase tax for new energy vehicles".
It is worth mentioning that since the policy of exempting purchase tax for new energy vehicles was implemented in September 2014, it has been postponed twice in 2017 and 2020 respectively. This time, the third time the policy of exempting purchase tax for new energy vehicles has been extended.
The product strength of new energy vehicles has steadily increased
Thanks to strong policy support, new energy vehicles have achieved remarkable results in recent years. Judging from the A-class car sales list, joint venture brands have been in a strong position for many years. With the rapid development of new energy vehicles, BYD Qin PLUS has become the top in the past September. This was unimaginable in the past fuel vehicle era.
In the high-end SUV market, almost all international luxury brands are international luxury brands. Nowadays, many Chinese new energy vehicle brands can be seen. In the era of new energy vehicles, China's new energy vehicles have begun to attack various market sectors.
The era of full marketization is coming soon
China Association of Automobile Manufacturers shows that at present, the market promotion volume of new energy vehicles in my country has exceeded 12 million vehicles, continuing to maintain a high-speed growth momentum, ranking first in the global new energy vehicle market for seven consecutive years.
With the increase in market ownership, the market-oriented development of new energy vehicles in my country has attracted much attention. Cui Dongshu said that at present, my country's new energy vehicles are getting closer and closer to entering market-oriented development.
can be foreseeable that considering the continued improvement of market recognition and comprehensive competitiveness of new energy vehicles, new energy vehicles are close to entering market-oriented development.
Xiaoxiang Morning News reporter Hu Xiong
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