Research On The Impact Of Exemption Of Vehicle Purchase Tax On The Development Of New Energy Automobile Industry

Since the 1980 s and 1990 s,China’s automotive industry began to make initial progress.Developing to the 21 st century,the automobile industry is developing very fast,which is an indispensable part of our country’s economic development and manufacturing progress.In the automobile market of China in 2109,sales in the first quarter far exceeded January-April 2018,and the potential of the automobile market can not be underestimated.In recent years,the state has been advocating the "Blue Sky Defense War" plan to encourage people to travel green.Vehicles emit a large amount of exhaust,which pollutes the air.In addition,the use of automobiles inevitably requires the use of fuel.At present,however,as the main fuel,oil resources are non-renewable and scarce.In 2014,the government decided to promote and implement preferential policies for purchasing new energy vehicles in view of the increasingly serious urban pollution and the development of the automobile industry.Since September 2014,consumers will be exempted from vehicle purchase tax when purchasing new energy vehicles.This preferential policy has a certain degree of inclusiveness from the policy point of view,but whether it can affect the development of the new automobile industry?The purpose of this paper is to explore the impact of tax reduction and exemption on the sales of new energy vehicles.First of all,this paper studies the basic function of the design principle of vehicle purchase tax through the literature method,and analyzes the effect mechanism of tax exemption policy on new energy vehicles from a theoretical perspective,and explains the income effect and substitution effect of tax on consumer choice,and then the effect of consumer behavior on producer behavior.Chapter three analyzes the specific influence of the exemption of vehicle purchase tax on the sales volume of China’s new energy vehicle market on the basis of theoretical analysis and empirical analysis.Then,the specific impact degree is empirically analyzed,and a total of 48 months from January 2014 to December 2019 are determined as the implementation period of the policy.Eleven different kinds of automobile brands,18 new energy vehicles and 18 traditional energy vehicles were selected.A total of 1728 samples were collected.On this basis,a double difference model was established for analysis.After the empirical analysis,this paper draws lessons from the vehicle purchase tax policies adopted by major foreign countries to develop the new energy automobile industry,and draws some inspirations on this basis,such as formulating the vehicle purchase tax reduction and exemption policies and rising to the legal level.Finally,the fifth chapter of this paper will combine the empirical results to explain the problems existing in China’s vehicle purchase tax policy and related supporting policies and put forward optimization Suggestions on this basis.