Mexican Media Brands
China Extends Tax Break on “New Energy” Vehicles through 2020
China’s central government will extend a waiver of its 10% vehicle purchase tax for plug-in hybrid and all-electric vehicles through the end of 2020, according to four ministries.
#hybrid #regulations
Share
China’s central government will extend a waiver of its 10% vehicle purchase tax for plug-in hybrid and all-electric vehicles through the end of 2020, according to four ministries.
In a joint statement, the agencies say that extending the 3-year-old tax break will bolster the “innovative development” of the new-energy vehicles.
Demand for such vehicles surged more than 50% to 609,000 units through the first 11 months of 2017, according to the China Assn. of Automobile Manufacturers. Full-year sales are expected to surpass 700,000 units.
RELATED CONTENT
-
Electric Trucks Emerging
Rudolph Diesel—who, incidentally, died mysteriously while traveling by a post office steamer on the English Channel in 1913—must be rolling in his grave.
-
Startup Readies Solar-Powered EV
Germany’s Sono Motors GmbH says it has received 5,000 orders for its upcoming Sion electric car, which can be partially recharged by it attached solar panels.
-
Chevy Develops eCOPO Camaro: The Fast and the Electric
The notion that electric vehicles were the sort of thing that well-meaning professors who wear tweed jackets with elbow patches drove in order to help save the environment was pretty much annihilated when Tesla added the Ludicrous+ mode to the Model S which propelled the vehicle from 0 to 60 mph in less than 3 seconds.