Business

China extends NEV purchase tax exemption worth 100 billion yuan

Staff member hooks up a charging cable to EV at a charging station in Liuzhou

BEIJING, Aug 19 (Reuters) – China will extend its exemption of new energy vehicles' from purchase taxes to the end of 2023, creating tax cuts worth a total of 100 billion yuan, state media Xinhua quoted cabinet meeting as saying on Friday.

Source reuters.com

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