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China Extends NEV Purchase Tax Exemption Worth 100 Billion Yuan

China will extend its exemption of new energy vehicles' from purchase taxes to the end of 2023
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By Reuters

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Published on August 29, 2022

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Highlights

     China will extend its exemption of new energy vehicles' from purchase taxes to the end of 2023, creating tax cuts worth a total of 100 billion yuan, state media Xinhua quoted cabinet meeting as saying on Friday.

     

    # China# China car market# Auto Industry# Cars
    Stay updated with automotive news and reviews right at your fingertips through carandbike.com's Google News

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