More than half of the Chinese public has voiced the hope that taxes would be reduced on vehicles. This as the country’s top legislature discontinued soliciting opinions for the draft law on vehicle and boat taxation.
A total of 97,295 comments have been received so far, with about 37% in favor of the draft law and some 55% hoping the law could reduce taxes.
Some people voiced their concerns that the draft law might result in price hikes in the name of legislation, noting that currently, about 40% of the total price of a vehicle is for various taxes.
Others suggested tax reductions be broadened to vehicles with 2.0-liter engine capacities. The current draft law reduces taxes for vehicles with engine capacities of 1.0 liter or lower, which only covers a small number of vehicles.
China Car Times reports that the draft law reduces taxes on energy-saving and clean energy-powered vehicles while increasing taxes on large cars.