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In order to support the development of the new energy automobile industry, with the approval of the State Council, from September 1, 2014 to December 31, 2017, China has imposed a vehicle purchase tax on new energy vehicles purchased. This indicates that the cost of purchasing new energy vehicles will be further reduced. The Ministry of Industry and Information Technology recently announced the first batch of new energy vehicle models exempted from vehicle purchase tax, and 113 types of automobile models from Anhui Jianghuai, Dongfeng, BYD and Chongqing Changan.
In recent years, China's new energy vehicles have maintained a high growth rate of production and sales, but the growth of more than ten times as in August is still the first time. Jia Xinguang, chief analyst of the Beijing Automotive Industry Research Institute, said that if the vehicle purchase tax exemption policy can be implemented steadily in the future, and other preferential subsidy policies of the country, the high growth rate will continue.