Ministry of Industry and Information Technology Minister Li Yizhong disclosed yesterday that the policy of halving the purchase tax for passenger vehicles with a displacement of 1.6 liters or less will expire at the end of this year. As for whether the policy can be extended at that time, it is currently being studied and discussed.
However, Li Yizhong stressed that there will surely be follow-up policies to continue to support the development of the auto industry, such as further perfecting the policy of car replacement, and continuing to encourage the use of cars and motorcycles to the countryside.
He said that the recent development of the Chinese auto industry is in good shape, which is closely related to the series of policies implemented by the government to encourage auto consumption. With the stimulating and support of policies, the Chinese auto industry has achieved double-digit growth under the backdrop of the global automobile industry slump.
According to reports, from March to July, China's auto production and sales have both exceeded 1 million, and the latest figure in July was 1.1 million. Li Yizhong said that this shows that the policy of reducing automobiles and motorcycles to the countryside and halving the purchase tax is a success.
Li Yizhong stated that under the current policy, the automobile manufacturing industry and car dealers are striving to increase the variety, improve the quality and reduce the cost. Many new energy vehicles such as energy-saving, environmental protection, safer and cheaper vehicles, and electric vehicles are also Constantly introduce new ideas.
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