Report: China removes vehicle purchase tax for new-energy cars to 2020

Published: Jan 3, 2018 16:10

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Buyers in China would be exempt from paying vehicle purchase tax when they buy new-energy vehicles from January 1 this year to December 31, 2020.

Buyers in China would be exempt from paying vehicle purchase tax when they buy new-energy vehicles from January 1 this year to December 31, 2020, according to a government document released late last month.

While the policy is set to support the industry, many consumers remained concerned about new-energy vehicles over their mileage, charging difficulties and other small issues, local media reported.

China has introduced several policies to support the development of new-energy vehicles over the years including purchase subsidies and lower down-payment ratio. However, it remains to be seen whether such vehicles can provide the same convenience for consumers as traditional fuel vehicles do.

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