Policy
Nio welcomes China's move to extend tax breaks for NEV purchases
From now until 2027, pure electric vehicles will continue to enjoy purchase tax incentives, which will give Nio vehicles a significant advantage over fuel-powered luxury vehicles in terms of purchase costs, Nio said.
China's vehicle purchase tax exemptions expected to reach $72 billion in 2024-2027
China's cumulative tax exemptions for NEVs exceed RMB 200 billion by the end of 2022.
China extends NEV purchase tax breaks for 4 years
China will still offer NEV purchase tax breaks from 2024 to 2027, but the intensity will diminish in steps.
China may introduce NEV support measures soon
China's State Council Information Office will hold a briefing at 10 am Beijing time on June 21 on promoting the development of the NEV industry.
China launches nationwide promotions to boost auto consumption
The moves include holding auto festivals in 100 cities and promoting consumption of NEVs in rural areas.
China to extend and optimize NEV purchase tax exemption policy, says State Council meeting
China will further stabilize market expectations, optimize the consumption environment, and release the consumption potential of NEVs to a greater extent, the meeting also mentioned.
China mulls extending tax exemption on cheaper NEVs for another 4 years, report says
China is considering extending the tax exemption for NEVs priced below 300,000 yuan for another four years to spur consumer demand, Bloomberg reported.
China issues policy to support NEV consumption in rural areas
A government document voices support for NEV development in rural areas in terms of NEV purchases, charging infrastructure development, and consumer education.
China allows 6-month sales extension for some ICE models based on existing emissions standard
China will implement the China 6b emissions standard on July 1, although some models will be given a six-month sales transition period.
China to introduce credit pool for NEV dual credit system that is expected to facilitate credit trading
Automakers can voluntarily apply for storage of positive credits when the supply exceeds demand, and release credits when the supply is less than demand.
