Tax policy. This policy was first implemented in 20 14. At present, this is the third extension of the exemption of new energy vehicles from purchase tax. According to the previous policy, the current exemption of new energy vehicles from purchase tax would have ended at the end of this year. Although the relevant rules have not yet been issued, it is undoubtedly good news for consumers who have plans to buy cars, and will also inject momentum into the new energy vehicle consumption market.
1. This is the third extension of exemption from purchase tax for new energy vehicles. According to the previous policy, the current exemption from purchase tax for new energy vehicles will end at the end of this year. "When buying a car, the vehicle purchase tax is not a small expense. The introduction of this policy has a positive effect on the long-term development of the new energy vehicle market in China." On September 26th, Zhang Xiang, Dean of the New Energy Vehicle Technology Research Institute of Jiangxi New Energy Technology Vocational College, told the national business daily that the renewal policy of exemption from purchase tax for new energy vehicles will inject momentum into the development of China's new energy vehicle market again.
Second, car companies will better carry out vehicle type planning
For new energy vehicles exempted from vehicle purchase tax, the Ministry of Industry and Information Technology and the State Administration of Taxation will issue the Catalogue of New Energy Vehicles Exempted from Vehicle Purchase Tax (hereinafter referred to as the Catalogue) for management.
Pure electric vehicles, plug-in hybrid vehicles (including extended range vehicles) and fuel cell vehicles purchased since the publication of the Catalogue are all new energy vehicles that meet the tax exemption conditions. New energy vehicles that have been listed in the Catalogue before 20221February 3 1 may continue to be exempted from vehicle purchase tax according to this announcement. The date of purchase shall be determined according to the date of issuance of valid documents such as the unified invoice for motor vehicle sales or the special customs tariff payment book. "If the purchase tax exemption policy expires at the end of the year, and the price of new energy vehicles rises due to rising raw material prices, the final purchase price of new energy vehicles will be greatly increased. Therefore, the continuation of the purchase tax exemption policy for new energy vehicles will help alleviate the excessive growth of vehicle purchase costs while maintaining the price competitive advantage for fuel vehicles. " The Federation believes that the extension of exemption from the purchase tax policy for new energy vehicles is conducive to maintaining the competitive advantage of new energy vehicles. In addition, this policy will provide more buffer period for car companies, which is conducive to the long-term development of car companies. "Usually, the development cycle of a vehicle is at least two years, and even the development cycle of a small modified model takes more than one year. Car companies now know that after the continuation of the purchase tax exemption policy for new energy vehicles, they can confidently invest in next year.
Product planning and research and development plan. Especially for new car-making players such as Baidu and Xiaomi, their new cars have not yet been listed. If the exemption of new energy vehicle purchase tax policy ends this year, it will be a very severe test for them. Zhang Xiang believes that the extension of the purchase tax exemption policy for new energy vehicles will give car companies a "reassurance" and give them more preparation time.
3. Car companies will better carry out vehicle type planning.
For new energy vehicles exempted from vehicle purchase tax, the Ministry of Industry and Information Technology and the State Administration of Taxation will issue the Catalogue of New Energy Vehicles Exempted from Vehicle Purchase Tax (hereinafter referred to as the Catalogue) for management.
Pure electric vehicles, plug-in hybrid vehicles (including extended range vehicles) and fuel cell vehicles purchased since the publication of the Catalogue are all new energy vehicles that meet the tax exemption conditions. New energy vehicles that have been listed in the Catalogue before 20221February 3 1 may continue to be exempted from vehicle purchase tax according to this announcement. The date of purchase shall be determined according to the date of issuance of valid documents such as the unified invoice for motor vehicle sales or the special customs tariff payment book. "If the purchase tax exemption policy expires at the end of the year, and the price of new energy vehicles rises due to rising raw material prices, the final purchase price of new energy vehicles will be greatly increased. Therefore, the continuation of the purchase tax exemption policy for new energy vehicles will help alleviate the excessive growth of vehicle purchase costs while maintaining the price competitive advantage for fuel vehicles. " The Federation believes that the extension of exemption from the purchase tax policy for new energy vehicles is conducive to maintaining the competitive advantage of new energy vehicles. In addition, this policy will provide more buffer period for car companies, which is conducive to the long-term development of car companies. "Usually, the development cycle of a vehicle is at least two years, and even the development cycle of a small modified model takes more than one year. Car companies now know that after the continuation of the purchase tax exemption policy for new energy vehicles, they can confidently invest in next year.
Product planning and research and development plan. Especially for new car-making players such as Baidu and Xiaomi, their new cars have not yet been listed. If the exemption of new energy vehicle purchase tax policy ends this year, it will be a very severe test for them. Zhang Xiang believes that the extension of the purchase tax exemption policy for new energy vehicles will give car companies a "reassurance" and give them more preparation time.
4. The industry is optimistic about the trend of new energy vehicles as early as August 19. According to CCTV news broadcast, the the State Council executive meeting has decided to continue to implement policies such as exempting new energy vehicles from vehicle purchase tax to promote mass consumption.
The vehicle purchase tax exemption policy will continue until the end of 2023, and it will continue to be exempted from vehicle and vessel tax and consumption tax, right of way, license plate and other support. It is estimated that the new tax exemption will be 1000 billion yuan. Under the "escort" of the policy, domestic new energy vehicles show a positive trend. In August this year, the domestic sales volume of new energy vehicles was about 666,000, with a market share of 28%. In the first eight months of this year, the domestic sales volume of new energy vehicles was about 3.86 million, with a market share of 22.9%. The China Automobile Association predicts that the power shortage caused by the policies of the central and local governments to stabilize the economy and promote consumption will be alleviated, and with the arrival of the traditional golden consumption season, the sales of passenger cars will still show rapid growth in the coming months.
In fact, the Association has raised the domestic sales forecast of new energy passenger cars from 5.5 million to 6 million this year. Considering that new energy buses will still maintain the adjustment trend in 2022, and special vehicles will maintain a good growth trend, the Federation predicts that the overall sales volume of new energy vehicles will be around 6.5 million.
"This year, the domestic new energy vehicle market is about 6 million vehicles, and the sales forecast will not necessarily be raised in the future." Zhang Xiang believes that "because many consumers were worried that the state's subsidies for new energy vehicles would end, the car purchase plan was advanced. Now the exemption of new energy vehicles from vehicle purchase tax will continue until the end of next year, so many consumers may delay or adjust their car purchase plans. However, on the whole, the policy of exempting new energy vehicles from vehicle purchase tax will have a significant positive effect on the long-term development of the new energy vehicle market. "
"The policy of exempting new energy vehicles from vehicle purchase tax continues to meet expectations." Cui Dongshu, Secretary-General of the National Passenger Car Market Information Association, said earlier that the withdrawal of new energy vehicle purchase subsidies at the end of this year will release some purchasing power, and the extension of new energy vehicle purchase tax exemption until the end of next year will once again boost some purchasing power, so that the gradual withdrawal will help to gradually boost the consumption power of the new energy vehicle market.
Based on the good development trend of China's new energy automobile market, Miao Wei, deputy director of Chinese People's Political Consultative Conference Economic Commission, said at the 4th Global Supply Chain Innovation Conference on New Energy and Smart Vehicles held on September 6th that it is estimated that the production and sales of new energy vehicles may reach 5.5 million this year, up 56% over the same period last year. The goal of 20% penetration rate of new energy vehicles by 2025, which is determined in the New Energy Vehicle Industry Development Plan (20021~ 2035), can be achieved three years ahead of schedule, that is, this year.
legal ground
Announcement of the Ministry of Finance and the Ministry of Industry and Information Technology of the State Administration of Taxation on the Relevant Policies for Exempting New Energy Vehicles from Vehicle Purchase Tax (Announcement No.2 1 2020 of the Ministry of Finance), from 202 1 year 1 day to 20221February 3 1 day. Announcement of the Ministry of Finance and the Ministry of Industry and Information Technology of the State Administration of Taxation on Continuing the Policy of Exempting New Energy Vehicles from Vehicle Purchase Tax (Announcement No.27 of the Ministry of Finance and the State Administration of Taxation, 2022), continuing the policy of exempting new energy vehicles from vehicle purchase tax, for those whose purchase dates are from 2023 1 month 1 day to 2023 1 February 31day.