China extends NEV purchase tax exemption worth 100 billion yuan

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)

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