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China extends electrified cars’ incentive to reboot sales
The shiny spotlights of Shanghai Auto Show blinded somehow that Chinese NEV registrations are slowing down /Newspress.co.uk
As the Chinese economy shows signs of slowing down, the government has extended the tax exemption for hybrids and electric cars to 2027. Buyers of these so-called new energy vehicles (NEV) skip the purchase tax. Since 2014, the Chinese government doesn’t impose a ten percent purchase tax on electrified cars to support their adoption and
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