Automakers

China extends tax breaks for new-energy vehicles until 2027

399455151.jpg
(BLOOMBERG)
B
By:
Bloomberg
June 21, 2023 01:10 PM

China extended tax breaks for consumers buying so-called new-energy vehicles  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.

Staying current is easy with newsletters delivered straight to your inbox.