Tax incentives and other policies will stimulate the outbreak of China's new energy vehicle market in 2022

(Economic Observer) Policies such as tax incentives to stimulate the outbreak of China's new energy vehicle market in 2022

　　China News Agency, Beijing, January 13 (Reporter Zhao Jianhua) Stimulated by tax incentives and other policies, China's new energy vehicles have developed rapidly, ranking first in the world for eight consecutive years.

In 2022, China's new energy vehicle market share will exceed a quarter.

　　According to data released by the China Association of Automobile Manufacturers, in the past 2022, China's new energy vehicles have shown explosive growth, with production and sales of 7.058 million units and 6.887 million units, a year-on-year increase of 96.9% and 93.4% respectively, and a market share of 25.6%. , 12.1 percentage points higher than the previous year.

　　Meanwhile, the role of preferential tax policies should not be underestimated.

The China Association of Automobile Manufacturers announced that judging from the annual car sales in 2022, including new energy vehicles, from March to May, due to the impact of the epidemic, production and sales were hindered, and the auto industry chain in some areas was impacted, and car production and sales fell off a cliff.

Beginning in June, with the implementation of the preferential purchase tax policy, coupled with the low base of manufacturers' sales promotions over the same period last year, car sales recovered rapidly and achieved a relatively high growth rate.

　　Behind the great development of the new energy automobile industry is the tax exemption of tens of billions of yuan.

According to data released by the State Administration of Taxation of China on the 13th, for the whole year of 2022, a total of 87.9 billion yuan (RMB, the same below) will be exempted from the purchase tax of new energy vehicles, a year-on-year increase of 92.6%.

　　In order to support the development of the new energy vehicle industry, China has been implementing a vehicle purchase tax exemption policy for new energy vehicles since 2014.

In 2022, this policy will be extended until December 31, 2023, stabilizing social expectations and boosting market confidence.

Experts believe that the vehicle purchase tax policy is of great significance to promoting the transformation of China's transportation energy strategy and promoting the high-quality development of the automobile industry.

The opinions of experts have been confirmed in the auto markets in Beijing, Hangzhou and other places.

　　Mr. Shen, who was choosing a vehicle at a 4S shop in Beijing, said, "My car purchase plan is greatly affected by national policies, and I want to seize the opportunity of various preferential policies for the purchase of new energy vehicles. The purchase tax is not a small amount. It can save money. It will save you.” Because of the policy of exempting vehicle purchase tax for new energy vehicles, Mr. Shen enjoyed a preferential vehicle purchase tax of more than 80,000 yuan.

　　In Hangzhou, the financial personnel of a car sales company calculated an account, "Take a certain model we are currently focusing on as an example, the car price is 250,000 yuan, and the car purchase tax discount is more than 20,000 yuan. The reporter heard that the car purchase tax policy has been extended, and came to make an appointment to see the car again. The preferential policy of the vehicle purchase tax exemption policy for new energy vehicles is quite strong, which directly reduces the cost of car purchases for consumers.”

　　The new energy vehicle tax exemption policy not only stimulates automobile consumption, but also injects new momentum into the development of the automobile industry.

Wang Gang, sales manager of Beijing BYD Automobile, said: "The policy of exempting vehicle purchase tax for new energy vehicles will continue to be implemented until the end of 2023, which shows the country's firm attitude towards encouraging and supporting the healthy development of the new energy vehicle industry. We believe that under the escort of multiple policies, In 2023, sales of new energy vehicles are expected to continue to maintain rapid growth."

　　Yue Jiudong, chief financial officer of Hangzhou Geely Automobile Co., Ltd., is also full of confidence in the development of the company. With the support of many preferential policies, including the exemption of car purchase tax, the company will continue to increase investment in industrial research and development, and realize the renewal and iteration of the industrial chain. And continue to develop new models to achieve full coverage of high, medium and low-end, actively respond to changes in market demand, and present a better car brand to the world.

　　Shen Xinguo, director of the Tax Service Department of the State Administration of Taxation, introduced that the next step is to ensure that a series of tax and fee support policies such as the vehicle purchase tax exemption policy are implemented in detail, support the development of new energy vehicles and other industries, and better serve the overall economic and social development.

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