Jan 2, 2018 - 11:43 am

China extends tax rebates for NEVs

The People’s Republic is going to further exempt the 10 percent purchase tax on so-called new-energy vehicles (NEVs), as expected. The initiative was initially introduced in 2014 and got now government approval for three more years until end-2020.

The extension of tax rebates for NEVs is not an isolated programme but embedded in China’s EV policy, featuring among others an EV quota by 2019. As reported, the quota imposes new sales targets for electrified vehicles, forcing carmakers that manufacture more than 30,000 traditional vehicles annually to reach 10 and later 12 percent sales of NEVs.

Besides, not less than 107 Chinese cities have meanwhile established special license plates for EVs and PHEVs. By mid-2018, these plates are to be available all over China.
xinhuanet.com, reuters.com, autonews.gasgoo.com (license plates)

– ADVERTISEMENT –

Kynar-battery-schema-Arkema-anzeige-klein-minKynar® PVDF grades have a successful 20-year legacy in the Lithium Ion batteries, as electrode binders and as separator coating, boosting batteries safety and lifetime. Driven by continued strong growth in the lithium-ion battery market for electric vehicles, Arkema increases the dedicated capacity of its Kynar® PVDF at its Changshu plant.
Find out more >>

Leave a Reply

Your email address will not be published. Required fields are marked *

Found on electrive.com
https://www.electrive.com/2018/01/02/china-extends-tax-rebates-nevs/
02.01.2018 11:31