No purchase tax for new energy autos
By Lu Nengneng |
July 10, 2014, Thursday
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Print Edition
Print Edition
NEW energy cars in China will be exempt from vehicle purchase taxes starting from September as the country steps up its efforts to promote environment-friendly mobility to cut energy consumption and control air pollution, Premier Li Keqiang said at a State Council meeting yesterday.
From September 1 this year until the end of 2017, all purely electric cars, plug-in hybrids, and fuel-cell vehicles sold in China, whether locally produced or imported, will be spared the vehicle purchase taxes, which are charged at 10 percent of a car’s retail price.
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