Dec 4, 2017

China to extend tax rebate for EVs and PHEVs?

The People’s Republic considers to further exempt the 10 percent purchase tax on NEVs, Bloomberg has learnt. Originally, the suspension of the purchase incentive for EVs and PHEVs was scheduled for this year’s end.

But now it seems that the government wants to extend the rebate beyond 2020. However, this information is given by insiders and not confirmed by an official statement.
bloomberg.com




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