China Tax Breaks on EVs Mostly Limited to Domestic Brands

Newswire

(Recasts with details) SHANGHAI, Aug 29 (Reuters) - China said on Friday it would offer tax breaks on purchases of electric cars predominantly made by Chinese automakers, in its latest policy measure to boost green vehicles in the world's biggest auto market, amid rising concern over pollution. Last month, the official Xinhua news agency reported the government would stop levying sales tax on approved models of green cars from Sept. 1. The Ministry of Industry and Information Technology ...

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