China Extends Tax Breaks for New Energy Vehicles Until 2027
- Shares in EV-makers rally following announcement in Beijing
- China has been rolling out several policies to lift EV sales
This article is for subscribers only.
China extended tax breaks for consumers buying clean cars through 2027, estimated to be worth 520 billion yuan ($72.3 billion) in the coming four years, in an effort to bolster its flagging electric-vehicle industry.
The move, announced at a briefing in Beijing on Wednesday, is the latest in a series of steps to lift sales and production in the world’s biggest EV market.