The Ministry of Finance and other three departments issued an announcement on August 6, and from September 1, 2014 to December 31, 2017, new purchases of new energy vehicles will be exempt from vehicle purchase tax. The first catalogue of new energy models exempted from purchase tax will be released at the end of the month. Speaking of a 26 inch bicycle, I'm sure everyone is familiar with it. The bicycle I'm introducing today is a bicycle independently developed, designed, and produced by our company. This Lithium Battery Electric Bicycle is different from a regular bicycle. This Electric Bike is equipped with an Ebike Motor and a Lithium battery. Some mopeds are equipped with rear wheel hub motors, some are mid mounted Ebike Motors, and very few are front wheel hub motors. Lithium Batteries are installed in the lower tube position of the moped to provide a continuous source of power and energy support for the lithium-ion E Bike.The method of dividing the size of a car varies from person to person. Here, 26 inches refer to the wheels of a lithium-ion bicycle and not the frame. If the size is divided according to the bicycle frame, it can be divided into 15 inches and 17 inches.The method of dividing the size of a Bicycle varies from person to person. Here, 26 inches refer to the wheels of a lithium-ion Electric Bicycle and not the Bike Frame. If the size is divided according to the Bicycle Frame, it can be divided into 15 inches and 17 inches. The most important frame part of a bicycle is the frame, which directly affects the classification criteria and size of an Ebike. Most frames are also patented products by designers, which directly affects the appearance and audience of the Bike. City Electric Bike , City Ebike , Small Size Bike Ejoysport Technology (SuZhou)Co.,LTD , https://www.ejoysportbike.com
Inclusion of tax-free model catalogs is exempt from purchase tax
New energy vehicles exempted from vehicle purchase tax are pure electric vehicles, plug-in hybrid vehicles (including incremental vehicles), and fuel cell vehicles sold in China, including some imported vehicles.
For new energy vehicles that are exempted from vehicle purchase tax, the Ministry of Industry and Information Technology and the State Administration of Taxation will manage the release of the Catalogue of New Energy Vehicles Exempted from Vehicle Purchase Tax. In simple terms, it is only new energy vehicles listed in this catalogue that can enjoy the exemption from purchase tax. The time of purchase of the vehicle shall be based on the date specified on the above-mentioned uniform invoice or valid certificate of motor vehicle sales.
The reporter learned from the China Association of Automobile Manufacturers that the Ministry of Industry and Information Technology revealed on the meeting yesterday that the first batch of tax-free models will be officially released at the end of August to guarantee implementation on September 1. Prior to this, companies must complete their declarations to the Ministry of Industry and Information Technology.
Vehicle purchase tax is levied on units and individuals that purchase vehicles in the country. Taxes are calculated using the method of ad valorem. The calculation formula is: tax payable = taxable price × tax rate, and the tax rate is 10%.
The three departments have stipulated the conditions for the listing of new energy vehicles and the companies applying for the application, including: the total fuel consumption of the plug-in hybrid vehicles must meet the standards; the new energy vehicles must be tested specifically to meet new energy vehicles. Standard requirements; provide quality assurance for key components such as new energy vehicle power batteries, motors, and electronic controls for no less than five years or 100,000 kilometers.
The Ministry of Industry and Information Technology believes that most existing new energy vehicles can meet the requirements of the catalog.
New energy vehicle support policies are frequent
At present, the supporting policies that new energy vehicles enjoy in China include national and local financial subsidies; Beijing New Energy Vehicle alone oscillates, and Shanghai provides new energy vehicle free licenses. Many places have different support policies for new energy vehicles.
In July of this year, the "Plan for the Purchase of New Energy Vehicles by Government Authorities and Public Institutions" was released, requiring that new energy vehicles purchased by government agencies and public agencies for new energy vehicles to promote the use of new energy vehicles account for the total amount of equipment that was updated in that year from 2014 to 2016. The proportion is not less than 30%, and will increase year after year.
According to the data released by the China Association of Automobile Manufacturers, in the first half of 2014, domestic production of new energy vehicles was 20,692 units, and sales were 20,477 units, which was a year-on-year increase of 2.3 times and 2.2 times.
With regard to the increasing number of new energy vehicle promotion policies, various agencies have expressed their optimism for the new energy vehicle segment. Haitong Securities said that the wave of marketization of new energy vehicles has come, and the marketization of new energy vehicles in China will enter “Gao Shuaifuâ€, “Reel†and government procurement. In 2014, the new energy automobile segment is still the growth plate with the strongest fundamentals.
Changjiang Securities stated that it is firmly optimistic about new energy vehicles. Zheshang futures are cautious, saying that the support policy for new energy vehicles is still plagued by the shortage of charging facilities and the high sales price of new vehicles, and the benefits for car sales are relatively limited.