China extends NEV purchase tax exemption worth 100 billion yuan

Staff member hooks up a charging cable to EV at a charging station in Liuzhou

BEIJING (Reuters) – China will extend its exemption of new energy vehicles’ from purchase taxes to the end of 2023, creating tax cuts worth a total of 100 billion yuan, state media Xinhua quoted cabinet meeting as saying on Friday.

(Reporting by Hong Kong newsroom; Editing by Toby Chopra)

Reuters

Related posts

Majority of New Jersey Residents are Struggling Financially According to Poll

New Jersey Files Charges Against GOP Chairman Over $382 Tax Fraud

Phil Murphy beefs up security for lawmakers after Tim Walz appointee goes on shooting spree in Minnesota