Next year, the purchase tax will be reduced by half, and 17 mainstream car brands have promised to provide a safety net.
The policy of full exemption from purchase tax for new energy vehicles in 2025 is coming to an end, and the battle for car orders among automakers has begun. As of November 13th, 17 mainstream car brands including Li Xiang, NIO, Chery, WM Motor, Zhiji, Xiaomi, Jidu, Changan, Mengshi, Deep Blue, Tank, GAC, Dongfeng Yipai, Lynk & Co, SAIC Audi, and Buick have launched purchase tax subsidy plans for locking in orders this year. Starting from January 1, 2026, the purchase tax policy for new energy vehicles will be halved. According to the joint announcement of the Ministry of Finance, the State Taxation Administration, and the Ministry of Industry and Information Technology on the continuation and optimization of the policy of exemption from purchase tax for new energy vehicles, from January 1, 2024 to December 31, 2025, new energy vehicles purchased can continue to be exempt from vehicle purchase tax, with each new energy passenger car exempted up to 30,000 yuan; from January 1, 2026 to December 31, 2027, the vehicle purchase tax will be halved, with each vehicle being reduced by no more than 15,000 yuan.
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