China waives sales tax on locally made EVs, fuel cell cars

Newswire

BEIJING, Dec 31 (Reuters) - China will waive sales taxes on electric and fuel cell cars made domestically by firms like SAIC Motor and BYD, the finance ministry said on Saturday, in its latest initiative to shore up the country's fledgling green car market. A total of 49 domestically made models, including the Sale electric car developed by SAIC's car venture with General Motors and two electric cars made at Volkswagen's two Chinese car ventures, will be exempted from sales taxes, the ...

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