CPCA secretary-general Cui Dongshu said on July 5 the recent adjustment to vehicle-and-vessel tax for energy‑saving and new‑energy vehicles is a landmark step toward implementing parity between fuel and electric vehicles and marks the new‑energy sector’s move from policy support to market‑based maturity via tax optimization. He said the reform favors full electrification, aligns with the auto industry’s long‑term high‑quality and market‑balanced development, and that parity should be implemented

CPCA secretary-general Cui Dongshu said on July 5 the recent adjustment to vehicle-and-vessel tax for energy‑saving and new‑energy vehicles is a landmark step toward implementing parity between fuel and electric vehicles and marks the new‑energy sector’s move from policy support to market‑based maturity via tax optimization. He said the reform favors full electrification, aligns with the auto industry’s long‑term high‑quality and market‑balanced development, and that parity should be implemented by calibrating taxes to technical attributes, emissions and usage scenarios to match responsibilities and ensure fair tax burdens rather than by blunt equalization.