National Day Holiday Consumption | Purchase Tax Reduction Policy Helps Auto Market Warm Up

CCTV News:This year, China extended the policy of exempting the purchase tax of new energy vehicles, and clarified the policy of reducing the purchase tax of vehicles, which stimulated the potential of automobile consumption.During the National Day, the automobile market in many areas warmed up and sales were promising.

During the National Day, reporters found in Guangdong, Fujian and other places that many citizens visited the auto market and bought new cars.

It is understood that the vehicle purchase tax exemption policy for new energy vehicles is extended to December 31, 2023. The favorable policies directly reduce the cost of car purchase for consumers and promote automobile consumption.

State Taxation Administration of The People’s Republic of China data show that this year 1-mdash; In August, new energy vehicles were exempted from vehicle purchase tax of 49.46 billion yuan, a year-on-year increase of 113%, further promoting the consumption of new energy vehicles. According to the data of China Association of Automobile Manufacturers, in August, the production and sales of new energy vehicles in China reached a record high year-on-year.

From the perspective of passenger cars, some passenger cars whose purchase date is from June 1 to December 31 this year will be subject to vehicle purchase tax by half, and the favorable policies will directly drive passenger car consumption. 6-mdash this year; In August, more than 3.55 million vehicles enjoyed the tax reduction policy, with a cumulative tax reduction of more than 23 billion yuan. Purchase tax incentives and other policies to promote consumption continue to exert their strength, driving passenger car consumption to stabilize and rise, and gradually return to normal. Among them, in August, the domestic sales of traditional fuel vehicles increased by more than 172,000 units year-on-year.