With the development and growth of the NEV industry, NEVs account for more than 50% of sales. Relevant preferential tax policies are gradually declining, and calls for “equal rights for oil and electricity” are getting louder. One of them includes considering imposing a consumption tax on NEVs. Recently, the “International Taxation” magazine headed by the State Administration of Taxation published an article “Improving the Automobile Consumption Tax System and Designing a Tax Sharing Mechanism” by Liu Yi, a professor at Peking University's School of Economics, and others. The paper suggests that new energy vehicles be fully included in the “small car” consumption tax category, and that the additional fiscal revenue generated in this part be downgraded to local governments.

With the development and growth of the NEV industry, NEVs account for more than 50% of sales. Relevant preferential tax policies are gradually declining, and calls for “equal rights for oil and electricity” are getting louder. One of them includes considering imposing a consumption tax on NEVs. Recently, the “International Taxation” magazine headed by the State Administration of Taxation published an article “Improving the Automobile Consumption Tax System and Designing a Tax Sharing Mechanism” by Liu Yi, a professor at Peking University's School of Economics, and others. The paper suggests that new energy vehicles be fully included in the “small car” consumption tax category, and that the additional fiscal revenue generated in this part be downgraded to local governments.