[Three Departments: Adjusting Preferential Vehicle and Vessel Tax Policies for Energy-saving Vehicles and NEVs]

Published: Jul 3, 2026 18:00

Save

[Three Departments: Adjusting Preferential Vehicle and Vessel Tax Policies for Energy-saving Vehicles and NEVs] In accordance with the relevant provisions of the Law of the People's Republic of China on Vehicle and Vessel Tax and its implementing regulations, the matters concerning the adjustment of preferential vehicle and vessel tax policies for energy-saving vehicles and NEVs are hereby announced as follows: From January 1, 2027, the policy of halving vehicle and vessel tax on energy-saving vehicles shall be abolished, and the policy of exempting vehicle and vessel tax on pure electric commercial vehicles, plug-in hybrid electric vehicles (including extended-range), and fuel cell commercial vehicles shall be abolished; the above-mentioned types of vehicles newly acquired by taxpayers or already acquired before the implementation of this announcement shall be subject to vehicle and vessel tax in accordance with the Law of the People's Republic of China on Vehicle and Vessel Tax, its implementing regulations, and other relevant provisions. This announcement shall take effect from January 1, 2027.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

1 hour ago

Tinci Materials Terminates 243,000-tpy Lithium Battery Materials Project

Tinci Materials announced that its subsidiary Nantong Tinci has terminated its planned 243,000-tpy lithium battery and fluorochemical materials project. The company said the decision was driven by an oversupply in the electrolyte industry, intensified market competition, and changes in the fluorochemical market, which weakened the project's expected returns. Tinci has begun evaluating new product plans for its Nantong facility.

1 hour ago

Samsung SDI Secures KRW 2 Trillion Battery Cell Order for AI Data Centers

Samsung SDI has confirmed that it signed a battery cell supply agreement worth approximately KRW 2 trillion with battery module manufacturer Simplo Technology. The company will supply battery cells for battery backup units (BBUs) used in AI data centers, reflecting growing demand driven by increased AI infrastructure investment.

1 hour ago

Tinci Materials to Invest in 250,000 tpy Electrolyte Expansion Project

Tinci Materials announced that it will reallocate approximately RMB406 million of remaining proceeds from a previous fundraising project to support a 250,000 tpy lithium battery electrolyte expansion project. The new project involves a total investment of RMB598 million and is expected to be completed within 18 months, further expanding the company's electrolyte production capacity.

1 hour ago