· New energy vehicles up to 8.5% tax

The recent "Energy Conservation and New Energy Vehicle Industry Development Plan (2012-2020)" issued by the State Council has aroused strong concern in the industry. People in the industry said that if the plan can be implemented, it will help encourage and support resource-saving consumption and help promote the development of new energy vehicles.

It is reported that the plan will come to the fore with a series of industrial support policies. Among them: in the case of new energy vehicles, in 2011-2020, the purchase of pure electric vehicles, plug-in hybrid vehicles will be exempted from vehicle purchase tax; in the case of energy-saving vehicles, in 2011-2015, moderate-to-heavy hybrid vehicles will be levied Vehicle purchase tax, consumption tax and vehicle and vessel tax.

The reduction of car purchase tax, vehicle and vessel tax directly reduces the cost of car purchase, and consumption tax is an in-tax tax. For enterprises, under the premise of maintaining a certain profit, halving is equivalent to indirect price reduction for automobiles. The following is an example of a pure electric vehicle BYD E6 and a more mature hybrid Prius PRIUS, to see how much the consumer can reduce after the implementation of the New Deal.

Use a simple calculation formula for analysis and explanation, the cost of car purchase = bare car price (including consumption tax), car purchase tax, vehicle and boat tax, auto insurance expenses and other miscellaneous fees.

Example of tax deduction for new energy vehicles: Take the BYD E6 as an example. Its guidance price is 369,800 yuan, before the policy: car purchase tax 369,800 × 10% / (1 17%) = 31,606 yuan; after the policy: car purchase tax is 0 yuan. For consumers, the cost of car purchases has decreased by 31,600 yuan, which is equivalent to a 8.5% drop in car prices.

Example of energy-saving car tax exemption: Take the Prius 1.8LCVT continuously variable standard version as an example. The guide price is 229,800 yuan, and the vehicle and vessel tax and consumption tax are obtained according to the tax code of the Shanghai area. Before the policy: the vehicle purchase tax is 229,800×10%/(1 17%)=19641 yuan, the vehicle and vessel tax is 450 yuan, and the consumption tax is 229,800×5%=11,490 yuan; after the policy: the vehicle purchase tax is halved = 9820.5 yuan, the vehicle and boat tax is 225 yuan, and the consumption tax is 5745 yuan. For consumers, the cost of car purchases has been reduced by 9820 225 5745 = 158,000 yuan, which is equivalent to a 7% drop in car prices.

In general, the preferential margin is close to Wang Hao, executive vice president of the Automotive Industry Economic Research Institute, saying that “reducing the cost of car purchase by about 10%” will reduce the cost of car purchases to medium and high-end pure The same price range for electric vehicles. In the long run, once the international oil price pushes up the cost of using traditional gasoline vehicles, hybrid vehicles will have a strong competitive advantage of “quantifying the price”.

In fact, the government has always spared no effort to promote energy-saving and environmentally-friendly vehicles. Although the battery technology and industrial base have not been fully opened, the market for energy-saving new energy vehicles has not been fully opened.

However, the surprisingly low fuel consumption of hybrids and the strong attitude towards emission control make it the future direction of the market. The introduction of the new policy can also give some impetus to consumers who are “holding the money” on energy-saving vehicles. Energy-saving and new-energy vehicles may still have a long way to go. The road to development is rugged or relatively low, but it will eventually be the only way to explore oil substitution and protect the environment.

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