China-built Tesla Model 3 Long Range exempted from vehicle purchase tax on NEVs

Shanghai (Gasgoo)- The Model 3 Long Range built by Tesla (China) Co.,Ltd has been exempted from the vehicle purchase Tax on NEVs, according to a catalogue issued by China's Ministry of Industry and Information Technology (MIIT) on March 12.

The model listed in the latest catalogue is a rear-drive version featuring a range of 668km and a curb weight of 1,745kg, versus 445/455km and 1614kg for the China-built Standard Range that has been eligible to the tax exemption agreed by the MIIT in last December.

（Photo source: Tesla China)

On Jan. 7, the EV manufacturer kicked off the scale delivery of the China-made Model 3 Standard Range, which is not only exempted from the vehicle purchase tax, but also granted the governmental NEV subsidy of RMB24,750. Shortly before the delivery, Tesla China announced that the guide price of a homegrown Model 3 Standard Range-Plus would be reduced by RMB32,000 to RMB323,800. All these policies portend that consumers would buy a Model 3 at a price below RMB300,000.

In spite of the shocking wave sent by the coronavirus, Tesla still obtained a sound sales performance during the first two months. In January, a total of 3,563 consumers in China bought the Mandatory Liability Insurance for Traffic Accidents of Motor Vehicle (MLI) for Tesla-branded vehicles, according to the China Insurance Regulatory Commission, of which 2,605 persons brought the China-made one home.

Moreover, the China Passenger Car Association (CPCA)’s data shows that roughly 3,900 homegrown Model 3s were sold in February, ranked third among all locally-produced car models.