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Will pure electric vehicles with a range of less than 200km cease to exist?New energy vehicle purchase tax policy adjustments

Apr 08, 202617viewsBlogs

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TextXius Recently, the Ministry of Industry and Information Technology, the Ministry of Finance and the State Administration of Taxation issued the 'Announcement on Adjusting the Technical Requirements for New Energy Ve

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Text/Xius Recently, the Ministry of Industry and Information Technology, the Ministry of Finance and the State Administration of Taxation issued the "Announcement on Adjusting the Technical Requirements for New Energy Vehicle Products with Reduction and Exemption of Vehicle Purchase Tax", which clarified the applicable policies for vehicle purchase tax reduction and exemption of new energy vehicles after June 1, 2024. Technical conditions and execution requirements. Among them, the adjustment of the pure electric part is huge, requiring the cruising range to be doubled, and the minimum pure electric cruising range cannot be less than 200km. In other words, some mini cars with a range of less than 200km, led by Hongguang MINIEV (Inquiry | Picture | Parameters), have Pay the purchase tax. From a specific policy point of view, the current purchase tax exemption policy requires pure electric driving range to be greater than or equal to 100 kilometers, and after this technical adjustment, the policy requires greater than or equal to 200 kilometers. Under the current policy, the energy density of power batteries only needs to be greater than or equal to 95Wh/kg to meet the requirements, but in the new regulations, this parameter is adjusted to 125 Wh/kg. Although this requirement has no impact on most current pure electric vehicles, because the mainstream pure electric vehicles have a range of more than 400 kilometers, those low-priced pure electric vehicles with small batteries and short range will not be able to meet the requirements. Therefore, by paying the purchase tax, It forces car companies to improve the technological content of car manufacturing, achieve higher and stronger electric vehicle performance, and no longer take the low-price route. In order to promote the development of the entire new energy vehicle industry in a more sustainable direction, improve technological levels, and reduce concerns about battery life, the introduction of new regulations ha

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