The new energy vehicle purchase tax exemption policy has been implemented.

　　On September 26, in order to support the development of the new energy automobile industry and promote automobile consumption, the Ministry of Finance, the State Administration of Taxation, and the Ministry of Industry and Information Technology issued an announcement on the continuation of the policy of exempting vehicle purchase tax for new energy vehicles, stating that the purchase date will be January 2023. New energy vehicles from January 1 to December 31, 2023 are exempt from vehicle purchase tax.

　　This is the third extension of the new energy vehicle purchase tax exemption policy.

Cui Dongshu, secretary-general of the National Passenger Vehicle Market Information Association, told the Beijing News Shell Finance reporter that the continuation of the preferential tax policy for new energy vehicles will help promote the continued growth of the new energy vehicle market, and it is necessary to continue to exempt the purchase tax for one year in 2023.

At the end of 2022, the new energy vehicle market is facing the withdrawal of subsidies for new energy vehicles, and continuing to exempt the purchase tax for one year will provide a buffer for the market.

The purchase tax exemption policy has been postponed for three times, and the scale of new energy vehicles has risen

　　According to the "Catalogue of New Energy Vehicle Models Exempted from Vehicle Purchase Tax" (hereinafter referred to as the "Catalogue"), the pure electric vehicles, plug-in and plug-in vehicles included in the "Catalogue" purchased from the date of publication of the "Catalogue" Electric hybrid (including extended-range) vehicles and fuel cell vehicles are new energy vehicles that meet tax exemption conditions.

　　In fact, as early as July 29, the executive meeting of the State Council had clearly proposed to continue the policy of exempting the purchase tax of new energy vehicles, but it was not clear when the policy of exempting the purchase tax of new energy vehicles would be extended.

Less than a month later, the executive meeting of the State Council decided to continue the implementation of the new energy vehicle purchase tax exemption until the end of 2023, and continue to support vehicle and vessel tax, consumption tax, road rights, license plates and other support. It is expected to increase the tax exemption by 100 billion yuan.

　　The current policy of exempting the purchase tax of new energy vehicles was originally scheduled to end at the end of this year. The one-year extension is confirmed this time, which will undoubtedly inject momentum into the new energy vehicle market again.

Zhang Xiang, a specially-appointed expert from China Bolian Think Tank, told the Beijing News Shell Finance reporter that the continuation of the purchase tax exemption policy is good news for the sales growth of the new energy vehicle market. At present, the technology of new energy vehicles is not yet fully mature and cannot compete with fuel vehicles on the same starting line. , also requires policy activation.

　　According to Ren Wanfu, an analyst in the auto industry, the one-year extension of the purchase tax exemption policy has laid a policy foundation for the new energy vehicle market to continue to strengthen next year, which is good news for manufacturers and consumers.

He said that judging from the driving effect of several purchase tax reductions and levies on the car market in history, the stimulating effect of the purchase tax on the car market is still relatively obvious, especially for consumers who buy ordinary brands. force.

　　This is the third time that the new energy vehicle purchase tax exemption policy has been extended.

At the end of 2014, the General Office of the State Council issued the "Guiding Opinions on Accelerating the Promotion and Application of New Energy Vehicles", which clearly stated that tax incentives should be given to the purchase tax, vehicle and vessel tax and consumption tax of new energy vehicles.

Since then, the new energy vehicle purchase tax exemption policy has been officially implemented, and has experienced two extensions in 2017 and 2020.

　　With the support of policies, new energy vehicles have developed rapidly, and the market size has continued to rise.

In 2016, my country's new energy vehicle production and sales exceeded 10,000 units, becoming the world's largest new energy vehicle market; in 2021, my country's new energy vehicle production and sales exceeded 3.5 million units, ranking first in the world for many consecutive years; from January to August this year, new energy vehicles The production and sales were 3.97 million and 3.86 million respectively, and the inventory reached 10.99 million.

In addition, the China Passenger Transport Association raised its forecast for new energy vehicle sales this year to 6.5 million units.

　　Zhang Xiang said that the continuation of the purchase tax exemption policy for new energy vehicles is conducive to the development of the new energy vehicle industry and has a positive effect on the growth of sales.

It may be beneficial for car companies to launch more models and stabilize price increases

　　According to the announcement, new energy vehicles that have been included in the "Catalog" before December 31, 2022 can continue to apply the vehicle purchase tax exemption policy in accordance with this announcement.

The date of purchase shall be determined according to the date of issuance of valid vouchers such as the uniform invoice for motor vehicle sales or the special payment letter for customs duties.

　　The Passenger Federation said that the extension of the new energy vehicle purchase tax exemption policy is conducive to the competitive advantage of new energy vehicles, "If the purchase tax exemption policy expires at the end of the year, coupled with the rise in raw material prices, the price of new energy vehicles will rise, and new energy vehicles will eventually rise. The purchase price of new energy vehicles will be greatly increased. Therefore, the continuation of the new energy vehicle purchase tax exemption policy will help alleviate the rapid increase in the purchase cost of models, while maintaining the price competitiveness of fuel vehicles.”

　　Ren Wanfu also has the same view. He believes that the removal of subsidies for new energy vehicles will increase the price of vehicles to a certain extent, but the policy of exempting purchase tax has stabilized some price changes, and the prices of new energy vehicles will generally be relatively stable.

In this regard, Zhang Xiang said that from the perspective of car companies, the continuity of the policy will encourage companies to put more models in the market segments where the purchase tax exemption is the most obvious, which will also greatly promote the market.

　　Judging from the strength of the new energy vehicle purchase tax exemption policy, consumers can enjoy discounts ranging from several thousand yuan to ten thousand yuan when purchasing most mainstream new energy vehicles.

The calculation method of vehicle purchase tax is the amount of reduction and exemption = 10% * [invoice price / (1 + VAT rate 13%)], taking a new energy vehicle with an invoice price of 150,000 yuan as an example, the vehicle purchase tax can be reduced by 1.32 million.

　　In addition, the extension of the purchase tax exemption for new energy vehicles is also conducive to the development of the upstream and downstream of the industrial chain.

"Continuing the policy of exempting new energy vehicles from vehicle purchase tax will greatly promote the upstream and downstream of the new energy vehicle industry chain." Qi Haikun, president of Beijing Teyi Sunshine New Energy, told Shell Finance reporters that from the perspective of the whole industry chain From the point of view, new energy vehicles are currently facing problems such as lack of cores and rising costs of lithium batteries, and the profit margins of car companies are compressed, resulting in an upward push in vehicle prices.

At this time, the purchase tax will continue to be exempted, and the sales of new energy vehicles will be boosted. At the same time, the charging facilities will be matched according to the proportion, and the whole industry chain will be driven.

　　Qi Haikun said that many charging pile companies were in the stage of "losing money and making a noise" before, which was mainly due to the low number of new energy vehicles, the low frequency of charging piles and the high maintenance costs.

Nowadays, the penetration rate of new energy vehicles is increasing, and charging piles are also in the stage of rapid expansion.

It can be said that this policy will drive the sustained and rapid development of the entire industry.

　　Regarding the taxation of new energy vehicles, Zhang Xiang believes that the current new energy vehicle technology is not yet mature, and the support policies will not be completely cancelled in the short term at least before 2025.

Cui Dongshu believes that from the current market development, taxation may be gradually resumed in 2024.

　　"The stimulus effect of the purchase tax exemption policy on the auto market has been tried and tested. From historical experience, when the economy is rising and the auto market is stable, it is the moment when the policy is withdrawn." Ren Wanfu analyzed.

　　Beijing News Shell Finance reporter Wang Linlin Linzi