Announcement on Adjusting the Vehicle and Vessel Tax Preferential Policies for Energy-Saving Vehicles and New Energy Vehicles
Announcement No. 19 of 2026 of the Ministry of Finance, the State Taxation Administration, and the Ministry of Industry and Information Technology
In accordance with the relevant provisions of the Vehicle and Vessel Tax Law of the People's Republic of China and its implementing regulations, the relevant matters concerning the adjustment of the vehicle and vessel tax preferential policies for energy-saving vehicles and new energy vehicles are hereby announced as follows:
Starting from January 1, 2027, the policy of halving the vehicle and vessel tax on energy-saving vehicles shall be cancelled, and the policy of exempting pure electric commercial vehicles, plug-in (including extended-range) hybrid vehicles, and fuel cell commercial vehicles from vehicle and vessel tax shall be cancelled. For the above types of vehicles newly acquired by taxpayers and those already acquired before the implementation of this announcement, vehicle and vessel tax shall be levied in accordance with the Vehicle and Vessel Tax Law of the People's Republic of China and its implementing regulations and other relevant provisions.
This announcement shall be implemented starting from January 1, 2027. Article 1, Items (1) and (2) of Article 2, Article 3, Article 4, and Article 7 of the "Notice of the Ministry of Finance, the State Taxation Administration, the Ministry of Industry and Information Technology, and the Ministry of Transport on Vehicle and Vessel Tax Preferential Policies for Energy-Saving and New Energy Vehicles and Vessels" (Cai Shui [2018] No. 74) shall be repealed simultaneously.
It is hereby announced.
Ministry of Finance
State Taxation Administration
Ministry of Industry and Information Technology
July 2, 2026
