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Chinese Governments Roll Out Incentives for Car Buyers
Published on: 2023-03-03
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China will consider extending a tax break on the purchase of electric vehicles past the end of 2023, an official in charge of automobile policy said Wednesday, in a move aimed at supporting economic growth.
 

Beijing will discuss continuing its tax exemption for "the acquisition of new energy vehicles as soon as possible," said Xin Guobin, vice minister of industry and information technology.
 

China boasts the world's largest market for new energy vehicles -- which include electric, plug-in hybrid and fuel-cell models -- with unit sales totaling 6.88 million in 2022. The market is projected to grow 30% this year.
 

Beijing also intends to nurture Chinese-developed cars into internationally competitive brands, Xin said, elaborating on plans to support the growth of one of the nation's key industries.
 

购置期在2023年的新能源汽车继续免征车辆购置税

财政部副部长许宏才表示,财政部门将全面落实扩大内需战略,围绕更好发挥消费基础性作用,积极完善政策措施,主要从以下三个方面入手,激发消费潜力,进一步支持促进消费市场回暖升级。
 

一是多渠道增加居民收入,让老百姓有钱消费。千方百计扩大就业,依靠劳动创造收入。加大社会保障、转移支付等调节,提高中低收入居民的消费能力,同时完善税费优惠政策,激发社会消费潜能。
 

二是支持增加适销对路商品供给,让老百姓乐于消费。通过实施积极财政政策,推进供给侧结构性改革,不断提升国内供给质量水平,激活市场需求潜能。鼓励有条件的地方通过现有的资金渠道对家电“以旧换新”、绿色智能家电下乡等予以支持。对于购置期在2023年的新能源汽车继续免征车辆购置税。降低部分优质消费品进口关税,推动加快建立多主体供给、多渠道保障、租购并举的住房制度,支持刚性和改善型住房需求,积极促进居民消费。
 

三是促进销售渠道和物流畅通,让老百姓方便消费。支持实施县域商业建设行动,促进县域消费扩容提质。支持农产品供应链体系建设,扩大农产品的消费市场。支持一批国家综合货运枢纽建设,推动物流降本提效。

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