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PRC Extends NEV Purchase Subsidy, Car Purchase Tax Exemption for 2 Yrs
China will extend the validity period of subsidies on NEV purchases and purchase tax exemption on vehicles which was intended to expire at end-2020 by two years to propel auto con...
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PRC Extends NEV Purchase Subsidy, Car Purchase Tax Exemption for 2 Yrs
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2020/04/01 09:52
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China will extend the validity period of subsidies on NEV purchases and purchase tax exemption on vehicles which was intended to expire at end-2020 by two years to propel auto consumption, according to an executive meeting of the State Council chaired by Chinese Premier Li Keqiang.

The Central Treasury will support key regions like Beijing, Tianjin and Hebei in eliminating diesel trucks under the China III emission standard or below by way of "replacing subsidies with rewards".

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