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China extends NEV purchase tax exemption to the end of 2027

Peng Chen, DIGITIMES Asia, Taipei Wednesday 21 June 2023 0

Credit: AFP

To boost its domestic new energy vehicle (NEV) sales, China announced on June 21 that it will again extend the purchase tax exemption to the end of 2027. However, the government will halve the exemption starting in 2026.

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