Along with plug-in hybrid vehicles and fuel cell vehicles, pure electric vehicles will be exempted from purchase taxes from January 1, 2021, to December 31, 2022.Īccording to Announcement No. Tax exemption on electric vehiclesĮlectric vehicles fall into the category of the new energy vehicle industry. Thus, it shows the government’s efforts to recover from the impact of the COVID-19 crisis on the industry. Read our previous post about Automobile Industry in China Beyond COVID-19Ĭhina moved to reduce the taxable purchase of vehicles to promote automobile consumption. The new policy aims to further develop the new energy automobile industry including the consumption of electric cars. On April 22, 2020, China’s Ministry of Industry and Information Technology announced new policies concerning the electric car industry in the country.
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