First reported by shanghaisun.com
Update: China to cancel vehicle and vessel tax preferential policy for energy-saving vehicles, NEVs
China changes EV policy with some EREVs and hybrids no longer exempt from taxes
3d agoen
From the article
Over the last decade, drivers across China have embraced electric cars at a rate that has surprised global analysts. This rapid adoption has turned clean-energy vehicles into mainstream options rather than a niche segment. This massive success means that the Chinese government no longer needs to support every type of green vehicle with aggressive financial incentives. In a major policy shift, Beijing is rolling back an important annual tax break that drivers have enjoyed for years. Starting January 1, 2027, China will end the annual vehicle and vessel tax exemption for some types of New...
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