观车 · 论势 || 减免购置税新政将为汽车业再“提纯”
Zhong Guo Qi Che Bao Wang·2025-10-21 05:56

Core Viewpoint - The recent adjustments to the vehicle purchase tax exemption for new energy vehicles (NEVs) in China aim to enhance the technical standards for electric and hybrid vehicles, ensuring consumers receive higher quality products while promoting technological advancement in the industry [2][4][5] Summary by Sections Policy Changes - The Ministry of Industry and Information Technology, along with the Ministry of Finance and the State Taxation Administration, released an announcement adjusting the technical requirements for NEVs eligible for tax exemptions for 2026-2027 [2] - The adjustments include stricter energy consumption limits for pure electric passenger vehicles and new requirements for plug-in hybrid vehicles [3] Technical Requirements - For pure electric passenger vehicles, the energy consumption per 100 kilometers must not exceed the limits set in the new standards (GB 36980.1-2025) [2] - For plug-in hybrid vehicles, three new requirements were introduced: a minimum electric range of 100 kilometers, adjustments to fuel consumption limits, and changes to energy consumption testing standards [3] Industry Impact - The adjustments reflect the rapid advancements in China's NEV industry, with significant improvements in battery energy density and electric range [4] - The new standards are seen as a reasonable elevation of requirements, as many current plug-in hybrid models already meet the updated criteria [4] Competitive Landscape - The new tax exemption policy is expected to shift the focus from price competition to technological competition, potentially leading to the exit of less capable manufacturers from the market [5] - Companies with strong technological capabilities will likely reaffirm their market positions, while those relying on outdated platforms may face significant challenges [5] - The policy is anticipated to accelerate the "good money drives out bad money" phenomenon in the industry, reshaping competition towards technology, product quality, and user experience [5]