Link Copiedcheck_circle
International

Tax Breaks Continue For Over 90% Of China's NEVs

Anis

Share via

nio_electric_car_china_2019_afp_-1.jpg 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.

byd-seal.jpg


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.

107295384-1693790401222-gettyimages-1577326798-cfoto-customer230805_npLrM.jpeg

Tagged:

China EV Brand
China NEV
EV tax breaks
Share This Article

Written By

Anis

Previously in banking and e commerce before she realized nothing makes her happier than a revving engine and gleaming tyres........

Share via

Related News

International
15M New Chinese EVs Will Be Equipped With Self-Driving Features This Year

15M New Chinese EVs Will Be Equipped With Self-Driving Features This Year

More than 15 million new Chinese EVs are expected to be equipped with autonomous driving technology this year.

03-02-2025
International
China’s EV Market Expected To Slow Down In 2025 Amid Market Changes

China’s EV Market Expected To Slow Down In 2025 Amid Market Changes

Analysts foresee a significant slowdown in China's electric vehicle market in 2025.

14-01-2025
EV
JIMEX: China Plans to Set Up EV Manufacturing Hub In Johor For African Market.

JIMEX: China Plans to Set Up EV Manufacturing Hub In Johor For African Market.

Chinese brands are looking to set up EV manufacturing plants in Johor for the export market, primarily Africa.

EV
EPMB Pens Deal to CKD Lingbox Mini EV in Malaysia and Indonesia

EPMB Pens Deal to CKD Lingbox Mini EV in Malaysia and Indonesia

EP Manufacturing Berhad signs a deal to locally assemble and distribute Chinese EV Lingbox in Malaysia and Indonesia.

29-12-2022

Latest News

International
Chery Fulwin X3L Debuts As iCaur 03’s Beefed-Up, Extended-Range Sibling

Chery Fulwin X3L Debuts As iCaur 03’s Beefed-Up, Extended-Range Sibling

New Chery Fulwin X3L takes the boxy charm of the iCaur 03 and reimagines it as a rugged, extended-range SUV built for adventure.

International
Sleek Kia K4 Hatch Launches In EU With A 6MT Option

Sleek Kia K4 Hatch Launches In EU With A 6MT Option

Sleek and stylish new Kia K4 hatch officially launches in Europe with surprise 6MT option on offer.

19-09-2025
International
Updated 2025 Toyota GR Corolla Announced In Japan

Updated 2025 Toyota GR Corolla Announced In Japan

Japanese market 2025 Toyota GR Corolla updated with enhanced cooling, increased body rigidity and software upgrade.

18-09-2025
International
Proton e.MAS 7 Launched in Singapore Priced from RM577K with Cross-Border Warranty

Proton e.MAS 7 Launched in Singapore Priced from RM577K with Cross-Border Warranty

Proton enters Singapore with e.MAS 7 EV, two variants offered priced from RM577,000 and includes cross-border warranty coverage.

International
New McLaren 750S JC96 Special Celebrates A Unique McLaren F1 Racing Milestone

New McLaren 750S JC96 Special Celebrates A Unique McLaren F1 Racing Milestone

New McLaren 750S JC96 special edition sees just 61 units offered exclusively in Japan, celebrates unique McLaren F1 racing milestone too.

18-09-2025
International
Tesla Rethinks Flush Door Handles Amid Safety Probes in US and China

Tesla Rethinks Flush Door Handles Amid Safety Probes in US and China

Tesla is working on a new handle design that blends manual and electronic releases as safety concerns mount in the US and China.

International
China Moves to Tighten Rules on L2 Driving Assistance

China Moves to Tighten Rules on L2 Driving Assistance

China’s MIIT launches new safety standards that curbs misuse and strengthen oversight of L2 driver assistance in China.

International
China’s Jetour & Leapmotor Eye Sales, Production Expansion in Europe

China’s Jetour & Leapmotor Eye Sales, Production Expansion in Europe

Chinese automakers Jetour and Leapmotor reportedly eye sales and production expansion in Europe respectively.

17-09-2025