Ministry of Industry and Information Technology to include domestic Tesla in new energy vehicle catalog free of purchase tax

Domestic Tesla has also been included in the vehicle purchase tax exemption catalogue. On December 27th, the Ministry of Industry and Information Technology (MIT) announced the list of new energy vehicle models exempt from vehicle purchase tax (29th batch), which included Tesla’s Shanghai-made models in the new energy vehicle catalogue, which is model 3.

Ministry of Industry and Information Technology to include domestic Tesla in new energy vehicle catalog free of purchase tax

In August, Tesla’s Model S, Model X and Model 3 were shortlisted for the “New Energy Vehicle ModelS Complete Catalog” (26th batch) for vehicle-exempt purchase tax, with users receiving the purchase tax relief for the period from August 30, 2019 to December 31, 2020. Up to $99,000.

Also on the 6th of this month, according to the Ministry of Industry and Information Technology issued the “New Energy Vehicle Promotion and Application Recommended Model Catalog” (11th batch of 2019) shows that Tesla Made in China Model 3 will enjoy the national new energy subsidy policy.

At present, the domestic Model 3 standard battery life upgrade (including basic automatic assisted driving function) starts at RMB355,800, and the entire vehicle is manufactured by Tesla’s Shanghai Super factory.

Under the 2019 subsidy policy, the domestic Tesla Model 3 would receive about $25,000 in subsidies. This amount applies before the introduction of the 2020 subsidy policy. This means that the threshold for buying a domestic Model 3 will be reduced to about 330,000 yuan.

In November, the Ministry of Industry and Information Technology announced the 325th batch of licensed companies to produce cars, with Tesla (Shanghai) Co., Ltd. among them, officially approved to produce cars in China. At present, the Shanghai plant has been in operation for more than a month. According to Tesla’s sales staff, the first batch of domestic Model 3 owners is expected to pick up their cars in January.

(Original title: Ministry of Industry and Information Technology will be domestic Tesla Model3 into the purchase tax exemption of new energy vehicle catalog)

Journalist, Bao Yu

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