National Tax Administration: Q1 Exemption from the acquisition tax of new energy vehicles in 2023, 2124 million yuan renminbi plus 36 per cent
LuciusEmily
Jun 2
The latest data from the National Tax Administration show that, during the first quarter of the year, a total of 1257 new energy vehicles nationwide benefited from a tax-free-purchase policy for vehicles, which was 17.5 per cent higher than that of new energy vehicles; the exemption from the acquisition tax of new energy vehicles was $21,224 million, an increase of 36 per cent. According to official data, between 100,000 and 200,000 yuan (including) vehicles accounted for 48.5 per cent of new...

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