China continues VAT exemption for cleaner vehicles
The purchase of electric cars and plug-in hybrids, the so-called New Energy Vehicles, will remain exempt from VAT in China until the end of 2020. This has now been confirmed by the Ministry of Finance and the State Tax Administration in a joint statement.
When quantity is put over quality
According to a recent survey in China, nearly 70 per cent of respondents said they regretted buying a new-energy vehicle (NEV). Batteries are the most common customer complaint: Problems range from draining too fast, to running dangerously hot, others do not perform as advertised. Around 40 NEVs spontaneously combusted in China last year.
China requires EV makers to recycle batteries
Beijing just published new rules that hold makers of electric vehicles responsible to collect and recycle their batteries. The industry ministry also calls for a service network through which the public can repair or exchange their old batteries.
FAW-Volkswagen to launch 7 Audi EVs in China by 2020
The joint venture FAW-Volkswagen plans to roll out seven new energy vehicles under the Audi label in China by 2020. The line-up will include both PHEVs as well as pure electric cars such as Audi’s upcoming electric SUV that will also be made in China.