Research On The Impact Of Tax Preferential Policies On The Development Of New Energy Vehicle Industry

New energy vehicles are the strategic direction of the transformation and upgrading of China’s automobile industry.The new energy vehicle industry development plan(2021-2035)has set a strategic goal.By 2025,the sales volume of new energy vehicles will account for about 25%.As an emerging industry carrying future technology,new energy vehicle industry not only inject new kinetic energy into China’s economic growth and reduce dependence on oil resources,but also promote the early realization of strategic objectives such as carbon neutralization and carbon peak,which is of dual significance to China’s development of economy and environmental protection.With the rapid development of new energy vehicle industry,the existing fiscal and tax incentive policies lag behind,especially when China’s financial subsidies gradually withdraw,how to strengthen the construction of tax preferential policy system has become a key concern.Therefore,this paper uses empirical analysis to study the impact of tax preference on short-term profitability and long-term R & D investment intensity of enterprises,and then puts forward tax preference policy suggestions to promote the development of new energy vehicle industry.This paper consists of six parts: the first part is the introduction,which mainly introduces the literature review of relevant research at home and abroad,the significance and content of this paper.The second part is theoretical analysis,which analyzes the mechanism of tax preference on the profitability and R & D investment of new energy vehicle industry based on the theoretical basis of externality theory and information asymmetry.The third part analyzes the current situation and problems of the new energy vehicle industry and its preferential tax policies,combs the preferential tax policies from the perspectives of supply and demand,and analyzes the possible problems.The fourth part is empirical research.Using the micro panel data of listed enterprises in China’s new energy vehicle industry,by setting up the explanatory variables profitability and R & D investment intensity,we define value-added tax preference and income tax preference as explanatory variables,government subsidies and enterprise age as control variables,To verify the impact of tax incentives on the short-term profitability and long-term R & D investment ability of the new energy vehicle industry,and obtain the empirical results.The fifth part draws lessons from the experience of preferential tax policies of the United States,Japan and Germany.The sixth part puts forward suggestions on preferential tax policies in line with China’s national conditions from the supply side and the demand side in combination with the actual development of China’s new energy vehicle industry.This paper comes to the final conclusion: the value-added tax preference and income tax preference have a significant positive incentive effect on the short-term profitability and long-term R & D investment intensity of the new energy vehicle industry.In short,the tax preference is conducive to improve the profitability of the new energy vehicle industry and increase the R & D investment intensity.Based on the research conclusions and the reality of the gradual decline of financial subsidies,the following policy suggestions are put forward.First,suggestions on preferential tax policies at the supply side: increase tax preferential support for financing links,establish special preferential tax policies for new energy vehicle industry,improve preferential tax policies for R & D investment,and improve the basis and tax rate of consumption tax.Second,suggestions on preferential tax policies on the demand side: reduce the tax burden on the purchase link,efficiently combine the tax incentive and tax restraint mechanism,and improve the preferential tax policies on supporting charging facilities and power battery recycling.Third,industrial supporting suggestions: establish a feedback mechanism for the effect of tax preferential policies and increase government procurement.