Continuation of the purchase tax reduction policy and potential benefits for the new energy vehicle industry chain

On June 5th, the executive meeting of the State Council recently studied policy measures to promote the high-quality development of the new energy vehicle industry, proposing to continue and optimize the tax reduction and exemption policy for the purchase of new energy vehicle vehicles, and build a high-quality charging infrastructure system.

Junfeng Company is highly concerned about the changes in national policies and held a special meeting on the same day to discuss and deploy them. Junfeng Company believes that the purchase tax policy is continuing. Firstly, it promotes the more orderly development of new energy vehicles in the domestic market, and will achieve better results on the new automotive track; The second is to further promote the development of the international market. The effective improvement of the domestic market has diluted the cost of finished vehicles, making exported new energy vehicles more competitive in the market; For some special markets, we can continue to export "zero" kilometers of second-hand cars without increasing costs, and occupy more overseas markets; Thirdly, the huge increase in new energy will bring greater business opportunities to the related core component and supporting industries, and they will use this opportunity to consolidate the foundation even more firmly.

The further extension of the purchase tax reduction policy is expected to inject new momentum into the booming new energy vehicle industry in China, expanding the performance and technological growth space for companies in the entire vehicle, power battery, charging station and other industrial chains.