To further support the innovation and development of new energy vehicles, on December 27, the Ministry of Finance, the State Administration of Taxation, the Ministry of Industry and Information Technology, and the Ministry of Science and Technology jointly issued an announcement, from January 1, 2018 to December 31, 2020, Vehicles that are licensed for sale in China are exempt from vehicle purchase tax for pure electric, plug-in (including extended-program) hybrid and fuel-fired three-class new energy vehicles.
â€œThe Central Economic Work Conference turned the direction of supply-side structural reforms to foster new growth momentum, and new energy vehicles are undoubtedly an important direction for nurturing new growth momentum.â€ Huang Zhilong, director of the Macroeconomic Research Center of Suning Financial Research Institute, yesterdayâ€™s Securities Daily The reporter said.
Industry insiders pointed out that the current development speed of new energy vehicles is still lower than expected. The exemption of vehicle purchase tax on new energy vehicles will effectively reduce the cost of car purchases for consumers and promote the sales of new energy vehicles. The development of new energy vehicle industry is expected to further accelerate. .
According to data released by the China Association of Automobile Manufacturers, Chinaâ€™s new energy vehicles sold 119,000 units in November; in the first 11 months, new energy vehicles sold 609,000 units. Industry insiders expect that the sales target of 700,000 vehicles for new energy vehicles should be achievable. It is expected that sales in 2018 will exceed 1 million.
Huang Zhilong said that the state actively supports and encourages the development of new energy vehicles. It is undoubtedly beneficial to listed companies such as BYD and Changan Automobile, which is of great significance for cultivating the consumer market of new energy vehicle listed companies.
However, Huang Zhilong believes that at present, the development of new energy vehicles still faces many challenges: First, the battery technology, driving experience and fuel vehicles of new energy vehicles still have a big gap, how to develop new domestic energy sources with long battery life and high cost performance. Automobile manufacturers still need to increase investment; second, the gaps in infrastructure such as charging equipment for new energy vehicles are still huge, especially the convenience, coverage and charging speed of charging piles are still large.
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