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

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

Industry News 04:10:01PM Jan 03, 2018 Source:SMM

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. 

 


The article is edited by SMM and is provided for information purpose only. It does not mean SMM agrees with its views and SMM assumes no liability for accuracy of information contained or quoted in the article.

 

Key Words:  new-energy vehicles   tax   subsidy 

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

Industry News 04:10:01PM Jan 03, 2018 Source:SMM

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. 

 


The article is edited by SMM and is provided for information purpose only. It does not mean SMM agrees with its views and SMM assumes no liability for accuracy of information contained or quoted in the article.

 

Key Words:  new-energy vehicles   tax   subsidy