BusinessChina extends NEV purchase tax exemption worth 100 billion yuan by Cynthia DanforthAugust 21, 20220144 Share0 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