Zhu Huarong: Proposes a Gradual Shift for the New Energy Vehicle Purchase Tax Policy, Suggesting a 5% Tax Rate from July Next Year
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Author:小编   

The 2025 World New Energy Vehicle Congress is set to take place in Haikou from September 27th to 29th, centered around the theme of "Industrial Transformation and Sustainable Development". Zhu Huarong, the Chairman of China Changan Automobile Group, expressed concerns that if the current plan to reinstate a 5% purchase tax on new energy vehicles from the end of this year to early next year proceeds, it could lead to industry turmoil in November and December of this year. Moreover, he anticipates a substantial downturn in the industry during the first quarter of the following year. Such a scenario, he argues, is detrimental to the industry's stable growth and might also result in a lack of capacity across various segments of the industrial chain.

To mitigate these potential issues, Zhu Huarong advocates for a phased transition in the purchase tax policy. His proposal includes keeping the current tax-exempt status in place for January and February of the coming year, followed by a gradual increase of 1% each month from March to June. By July, he suggests implementing a 5% tax rate, thereby ensuring a seamless transition in terms of industry capacity, logistics capacity, and cost management.