Ferrari Sees First Electric Car’s Low Tax Lifting China Business

Ferrari NV is looking to its first fully electric supercar to revive sales in China because the model will benefit from lower tariff and tax rates.

The Elettrica EV that Ferrari will unveil starting in October is expected to be taxed at a compound rate of 30% of the manufacturer’s suggested retail price. The carmaker’s models equipped with its roaring 12-cylinder engines face a combined import, consumption and value-added tax that’s almost four times that rate.