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NEV tax exemption scheme extended until end of 2020

BEIJING – China has extended the purchase tax exemption scheme for new energy vehicles by three years until the end of 2020 in order to further support market development, according to an announcement released jointly by the Ministry of Finance, State Administration of Taxation (SAT), Ministry of Industry and Information

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New measures give major boost to used car market, but issues remai

Less than three weeks after Chinese Premier Li Keqiang called for the invigoration of the country’s used car market in his government work report, the State Council General Office issued a guideline on March 25 with specific measures aimed at providing consumers more convenience in buying and selling a used

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China releases second catalogue of purchase tax free NEV models

BEIJING – The Ministry of Industry and Information Technology released the list of 2nd batch of purchase tax free NEV models on its official website on October 29. Fifty-seven electric bus models, one electric truck model, 19 electric special-purpose vehicle models, and 13 plug-in hybrid bus models were listed in

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