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Miao Wei: It is suggested that the reduction and exemption policy of automobile purchase tax be extended for another year

Publish Date: 2023.02.21

  "Considering the national economic situation and the greater stimulus to consumption, I personally believe that if it can continue for another year," said Miao Wei, deputy director of the 13th CPPCC Economic Committee, at the expert media exchange meeting at the China Electric Vehicle Hundred People's Congress Forum (2023) on February 17.

  

  In addition, he also suggested that the policy should be announced in advance rather than once a year. This is also to set expectations for everyone and make them prepared, such as whether the vehicle purchase tax will be postponed, how long it will be postponed, and how long it will be announced in advance at one time to make everyone ready. Avoid market ups and downs.

  

 苗圩:建议汽车购置税减免政策再延长一年

  

  On September 26 last year, the Ministry of Finance, the State Administration of Taxation and the Ministry of Industry and Information Technology jointly issued the Announcement on the Extension of the Policy of Exemption from Vehicle Purchase Tax on New Energy Vehicles, which clearly stipulates that the vehicle purchase tax will be exempted for new energy vehicles purchased from January 1, 2023 to December 31, 2023.

  

  This is another extension of the new energy vehicle purchase tax exemption policy. The new energy vehicle purchase tax exemption policy was implemented in 2014 and was originally scheduled to expire at the end of 2017. In order to promote the development of new energy vehicles, the purchase tax exemption policy has been continuously extended.

  

  Last year, China's annual production and sales of new energy vehicles were 7.058 million and 6.887 million respectively, up 96.9% and 93.4% year on year, ranking first in the world for eight consecutive years. In addition, the market share of new energy vehicles reached 25.6%, 12.1 percentage points higher than that in 2021. Finish the goal ahead of time.

  

  However, according to the regulations, the subsidy policy for new energy vehicles was officially withdrawn at the end of last year. In January this year, the overall sales of new energy vehicles fell sharply. According to the data, in January 2023, the production and sales of new energy vehicles were 425000 and 408000 respectively, down 46.6% and 49.9% on a month-on-month basis and 6.9% and 6.3% on a year-on-year basis.

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