Tax Breaks Continue For Over 90% Of China's NEVs
According to new technical requirements unveiled recently, more than 90% of China's existing new energy vehicle (NEV) models will continue to receive tax breaks on purchases.
The technical requirements for NEV eligibility for purchase tax exemptions beginning in 2024 state that pure electric cars must have a driving range of at least 200 kilometers per charge, while plug-in hybrid cars must be able to run at least 43 kilometers on electricity, according to a statement from the Ministry of Industry and Information Technology.
Reuters reported that the new rules allow electric vehicles (EVs) with battery swapping capabilities to qualify for tax breaks and mandate that EVs have a range attenuation rate of no more than 35% in cold weather.
China, hoping to spur auto sales growth, unveiled in June a 520 billion yuan ($72.41 billion) package of tax breaks over four years for electric vehicles (EVs) and other green cars. This is the largest tax break package for the industry.
Written By
Anis
Previously in banking and e commerce before she realized nothing makes her happier than a revving engine and gleaming tyres........
JPJ Running Numbers
KUALA LUMPUR
VRX7941
SELANGOR
BSU9400
JOHOR
JH1945J
PULAU PINANG
PSH3144
PERAK
APM8047
PAHANG
CFJ3722
KEDAH
KGJ7529
NEGERI SEMBILAN
NEM5464
KOTA KINABALU
SJV1135
KUCHING
QAB9670P
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Last updated 30 Apr, 2026
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