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First Month Post-Purchase Tax Incentive Reduction: Several Automakers Facing Challenges
1 day ago /
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Author：小编
This January signifies the inaugural calendar month following the adjustment in the purchase tax policy for new energy vehicles (NEVs), transitioning from a 'complete exemption' to a '50% reduction'. For more than ten years, China has exempted NEVs from vehicle purchase tax, experiencing only one modification in the exemption threshold for passenger vehicles during this timeframe—a shift from a full exemption to a capped exemption of RMB 30,000. With the ongoing evolution of NEVs, the purchase tax subsidy has undergone another adjustment: beginning last month, the purchase tax on passenger vehicles has been reduced from a full exemption to a 50% reduction, with the maximum tax reduction capped at RMB 15,000.
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