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Economic news

China studying extending tax exemption for NEVs – commerce ministry

07/07/2022

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2022.07.07 04:46

China studying extending tax exemption for NEVs - commerce ministry
FILE PHOTO: An electric vehicle (EV) charging point and wheels are seen displayed at the HiPhi booth during a media day for the Auto Shanghai show in Shanghai, China April 20, 2021. REUTERS/Aly Song

SHANGHAI (Reuters) – China is studying the possibility of extending a tax exemption for new electric vehicles (EV) as part of a raft of efforts to spur vehicle consumption in the country, the commerce ministry said on Thursday.

It also announced a series of measures to encourage trade-ins of old vehicles and support the second-hand market.

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07/07/2022

Less than a minute