Recently, the Ministry of Industry and Information Technology announced that the “Energy-saving and New Energy Vehicle Industry Development Plan (2011-2020)” (referred to as “Planning”) has been basically completed. At the same time, in addition to the R&D and production of new energy vehicles, the country also plans to promote the marketization of new energy vehicles through incentive policies such as tax reduction and exemption.

In the "Planning" consultation draft, the overall development goal of China's new energy automotive industry is to establish a relatively complete energy-saving and new-energy automotive industry system after ten years of hard work. The number of new energy vehicles will reach 5 million, of which The number of medium- and heavy-duty hybrid passenger vehicles is planned to exceed 1 million, while the production and sales of energy-saving vehicles represented by hybrid vehicles reach 3 million.

In addition to the R&D and production fields of new energy vehicles, the country is also expected to promote the marketization of new energy vehicles through incentive policies such as tax reduction and exemption.

On June 15th, the State Council’s draft of the Regulations on the Implementation of the Taxation of Vehicles and Boats Law of the Office of Legal Affairs Office also had substantial support for new energy vehicles. The vehicle and boat tax laws refer to vehicles that use energy to save energy and use new energy include pure electric vehicles, fuel cell vehicles, and hybrid vehicles. Among them, pure electric vehicles, fuel cell vehicles, and plug-in hybrid vehicles are exempt from vehicle and boat taxes, and other hybrid vehicles. Acquire 50% of the applicable tax for similar vehicles. Once the above-mentioned consultation draft is passed, the new tax law for vehicles and ships will come into effect on January 1, 2012. By then, car buyers will be able to directly enjoy the benefits of buying new energy vehicles.

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