New-energy cars exempt from tax
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Zhou Dongchao / for China Daily |
To promote new-energy vehicles in China, the State Council announced in July a purchase tax exemption from Sept 1 to the end of 2017. Tax-exempt vehicles include all-electric cars, plug-in hybrids and fuel cell vehicles. Electric-car buyers already receive subsidies from the central government and several local governments. Last year, China sold about 29,000 electric vehicles by November, a sevenfold growth from the same period last year, and about 24,000 plug-in hybrids, 25 times the figure from the same period last year.
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