Cui Dongshu: There is a high possibility of implementing a 5% purchase tax starting next year, everything will follow the documents! "Continuing to exempt taxes is a significant burden."

Recently, the news that "the policy of exempting new energy vehicles from purchase tax will end in January 2026" has attracted wide attention. "Starting next year, there is a high possibility that new energy vehicles will be subject to a 5% purchase tax. Because the relevant authorities had already issued a policy in 2023, explicitly halving the vehicle purchase tax for new energy vehicles purchased between January 1, 2026 and December 31, 2027," said Cui Dongshu, Secretary General of the China Passenger Car Association, in an interview on September 11. "If next year the tax exemption policy for the purchase of new energy vehicles continues, because the volume of new energy vehicles is too large, the tax pressure will also increase," Cui Dongshu believes. It is important to note that currently, the relevant authorities have not officially issued a notice regarding whether the vehicle purchase tax for new energy vehicles will be reinstated from January 1, 2026, and the final decision will depend on the announcement of the relevant authorities. "Do not believe any rumors, everything should follow official documents," Cui Dongshu also emphasized.