China studying extending tax exemption for NEVs – commerce ministry
© Reuters. 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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