NEV Purchase Tax Halved from 2026, Maximum 15,000 Yuan Reduction per Vehicle

From January 1, 2026, new energy vehicles no longer enjoy full purchase tax exemption. Instead, purchase tax is levied at 50% of the taxable amount, with a maximum reduction of 15,000 yuan per vehicle. The PHEV pure electric range threshold for tax benefits has been raised from 43km to 100km.