The Chinese government wants to continue the purchase tax exemption for New Energy Vehicles (BEVs, FCEVs and PHEVs) in 2023. The purchase tax exemption for NEVs in China has been in place since 2014, and with its continuation the government wants to further support the growth of the industry.
The purchase tax exemption has been extended several times over the years, most recently until the end of 2022. Compared to a similarly priced combustion model, NEV customers save about 10,000 yuan or the equivalent of 1,450 euros. The extension was decided at a meeting of high-ranking government officials.
Source Electrive.com
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