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CPCA Cui Dongshu: NEV Mkt, In Recovery Period of Tax Subsidy Adjustment, Requires More Policy Support
After the official withdrawal of the domestic new energy vehicle (NEV) purchase tax exemption policy in Mainland China at the end of last year, the NEV market is in a recovery peri...
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CPCA Cui Dongshu: NEV Mkt, In Recovery Period of Tax Subsidy Adjustment, Requires More Policy Support
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After the official withdrawal of the domestic new energy vehicle (NEV) purchase tax exemption policy in Mainland China at the end of last year, the NEV market is in a recovery period of tax subsidy adjustment this year, China Passenger Car Association (CPCA) Secretary-General Cui Dongshu stated.

Some consumers took advantage of the policy benefits last year, leading to a certain overdraft effect in January and February this year, which is a short-term sharp swings within expectation and does not represent the long-term market trend, Cui opined.

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However, this year is a major consumption year with a late Spring Festival, and the car market growth rate is diverging, with NEV performance being mediocre and still requiring more policy support.

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