December 18, 2023
Announcement on Continuing and Optimizing the Policy of Tax Reduction and Exemption for New Energy Vehicle Purchase
Announcement No. 10 of 2023 by the Ministry of Finance, the State Administration of Taxation, the Ministry of Industry and Information Technology
In order to support the development of the new energy vehicle industry and promote automobile consumption, we hereby announce the continuation and optimization of the new energy vehicle purchase tax reduction and exemption policy as follows:
1、 New energy vehicles purchased between January 1, 2024 and December 31, 2025 are exempt from vehicle purchase tax. The tax exemption for each new energy passenger vehicle shall not exceed
30000 yuan; Half of the vehicle purchase tax will be levied on new energy vehicles purchased between January 1, 2026 and December 31, 2027. The tax reduction amount for each new energy passenger vehicle is not applicable
More than 15000 yuan.
The purchase date shall be determined based on the issuance date of valid certificates such as the unified invoice for motor vehicle sales or the customs duty payment certificate.
New energy vehicles that enjoy the policy of reducing vehicle purchase tax refer to pure electric vehicles and plug-in hybrid (including extended range) vehicles that meet the technical requirements of new energy vehicle products
Cars, fuel cell vehicles. The technical requirements for new energy vehicle products shall be determined by the Ministry of Industry and Information Technology, in conjunction with the Ministry of Finance and the State Administration of Taxation, based on the progress of new energy vehicle technology and the development of standard systems
Develop changes in vehicle models.
