Shulou(Shulou.com)11/24 Report--

CTOnews.com, January 13, according to a CCTV news report, the latest data from the State Administration of Taxation show that in order to promote the consumption of new energy vehicles and the development of green and low carbon, the tax authorities have implemented the vehicle purchase tax exemption policy for new energy vehicles, with a cumulative exemption of more than 80 billion yuan from new energy vehicle purchase tax in 2022.

Data show that in 2022, China was exempted from new energy vehicle purchase tax of 87.9 billion yuan, an increase of 92.6% over the same period last year. This preferential tax policy directly reduces the cost of buying cars for consumers. Take a new energy vehicle worth 250000 yuan as an example, after the car purchase tax is exempted, the purchase of a car can save more than 20,000 yuan.

It is understood that in order to support the development of the new energy vehicle industry, China has implemented a vehicle purchase tax exemption policy for new energy vehicles since 2014. In September 2022, this policy was extended to December 31, 2023, which stabilized social expectations and boosted market confidence. It is of great significance to promote the high-quality development of China's automobile industry.

With the support of various policies, sales of new energy vehicles are booming in 2022. According to the unified invoice data of motor vehicle sales of the State Administration of Taxation, in 2022, new energy vehicles sold a total of 5.681 million vehicles, an increase of 70.6 percent over the same period last year, and sales accounted for 23.5 percent of total vehicle sales, an increase of 11.5 percent over the previous year. The goal of reaching about 20% of the total new car sales of new energy vehicles by 2025 will be achieved ahead of schedule.

Shen Xinguo, director of the tax Service Department of the State Administration of Taxation, said that as the tax authorities recently launched the "convenient tax Spring Breeze Action" in 2023, the next step will continue to launch more convenient tax measures to ensure the detailed implementation of a series of tax support policies, such as the car purchase tax exemption policy, better support the development of industries such as new energy vehicles, and better serve the overall economic and social development.

CTOnews.com learned that in September 2022, the Ministry of Finance, the State Administration of Taxation and the Ministry of Industry and Information Technology issued a notice to extend the vehicle purchase tax exemption policy for new energy vehicles, which expires at the end of 2022 until the end of 2023. Industry associations and institutions estimate that the sales of new energy vehicles in China are expected to reach 10 million in 2023.

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