Home / Metal News / China to rule out electric motorcycle purchase tax from Jul

China to rule out electric motorcycle purchase tax from Jul

iconMay 29, 2019 14:42
Source:SMM
This is expected to lower the cost to buyers by hundreds of yuan

SHANGHAI, May 29 (SMM) – Chinese consumers who purchase electric motorcycles and light electric motorcycles will be exempted from purchase taxes from July 1, according to the notice published by the Ministry of Finance on May 23.

The exemption of purchase taxes is expected to lower the cost to buyers by hundreds of yuan, and spur sales across the market. 

This comes as a boost to market sentiment after the new national standards for electric motorcycles took effect earlier this year.

Electric motorcycle
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn