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The continuation of the vehicle purchase tax exemption serves as a strong signal of support for the development of the new energy vehicle (NEV) industry. This policy, combined with the future dual-point system, is designed to counterbalance the impact of the declining subsidy mechanism. It reinforces the government’s commitment to promoting sustainable transportation and encouraging consumers to opt for cleaner, more efficient vehicles.
**Applicable Models in the Catalogue**
According to the official announcement, only new energy vehicles included in the "Catalogue of New Energy Vehicles Exempt from Vehicle Purchase Tax" are eligible for the tax exemption. Vehicles that were listed in the catalogue before December 31, 2017 remain valid under the same policy, ensuring continuity for existing models without requiring reapplication.
Since the start of this year, the Ministry of Industry and Information Technology has released 15 batches of the "New Energy Vehicle Model Catalogue Exempt from Vehicle Purchase Tax." From January 1, 2018, all vehicles listed in the catalogue must meet specific criteria: they must be pure electric, plug-in hybrid (including extended-range), or fuel cell vehicles approved for sale in China. Additionally, they must satisfy the technical requirements for new energy automotive products and pass special inspections to ensure compliance with quality and safety standards.
Manufacturers and importers must also demonstrate strong product quality assurance, consistency, after-sales service, safety monitoring, and responsible recycling of power batteries. These requirements align closely with the financial subsidy policies for new energy vehicles in 2017, with minor adjustments to certain technical thresholds. Most current NEV models already meet these standards, reducing the need for repeated applications.
**2018 New Energy Vehicle Purchase Tax Catalogue**
The 2018 catalogue includes detailed listings of eligible models. While the images provided show the actual pages from the catalogue, they illustrate the extensive range of models available for tax exemption. The updated guidelines emphasize stricter compliance and transparency, ensuring that only high-quality, safe, and environmentally friendly vehicles qualify for the exemption.
**Key Points from the 2018 Announcement**
From January 1, 2018, to December 31, 2020, the purchase of new energy vehicles is exempt from vehicle purchase tax. This exemption is managed through the Catalogue, which includes models approved by the Ministry of Industry and Information Technology. Vehicles already listed before December 31, 2017, continue to benefit from the exemption.
To be included in the catalogue, new energy vehicles must:
- Be licensed for sale in China as pure electric, plug-in hybrid, or fuel cell vehicles.
- Meet the technical requirements for new energy automotive products.
- Pass special inspection standards.
- Be produced or imported by companies that comply with quality assurance, product consistency, after-sales service, safety monitoring, and battery recycling protocols.
The Ministry of Finance, State Administration of Taxation, MIIT, and the Ministry of Science and Technology will update the catalogue conditions based on technological progress and evolving standards.
Companies applying for inclusion must submit accurate reports and ensure the authenticity of their materials. The MIIT, in collaboration with the State Administration of Taxation, reviews these applications and publishes the final list. Once included, vehicles are marked as tax-exempt, and the tax authorities process exemptions accordingly.
Any company found to provide false information or fail to meet requirements may lose its tax exemption eligibility and face legal consequences. Similarly, staff involved in the review process who engage in misconduct will be held accountable.
This comprehensive policy aims to promote the growth of the new energy vehicle sector while ensuring consumer confidence and long-term sustainability.