Mexican Media Brands
Imported EVs Won’t Benefit from China Incentives After All
Earlier this month China announced it will waive the purchase tax on electric cars purchased between Sept. 1 and the end of 2017.
#hybrid
Share
Earlier this month China announced it will waive the purchase tax on electric cars purchased between Sept. 1 and the end of 2017.
At the time, reports said the tax break would include EVs imported by BMW, Tesla and Volkswagen. But China's Industry and Information Technology ministry says that won't be the case, China Times reports.
The newspaper cites Vice Minister Su Bo, who explains the government policy is intended to foster growth among domestic makers of EVs and plug-in hybrids. In the emerging new-energy sector he says, "There's almost no space for local brands to grow" without government help.
Su also claims a shortage of government funds contributed to the decision to limit aid.
RELATED CONTENT
-
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.
-
Pump It Up
The number of electric bicycles continues to proliferate, and one, for which a Kickstarter campaign is running until November 7, has a distinct difference from many others.
-
FCA Opens the Door to The Future
FCA introduced a high-tech concept vehicle today, the Chrysler Portal, at the event previously known as the “Consumer Electronics Show,” now simply CES.