UPDATE 2-China extends tax rebate for electric cars, hybrids

Newswire

(Adds pictures to media information) BEIJING/SHANGHAI, Dec 27 (Reuters) - China will extend a tax rebate on purchases of so-called new-energy vehicles (NEV) until the end of 2020, a boost for hybrid and electric car makers amid a shift by policy-makers away from the traditional internal combustion engine. The finance ministry said in a statement on Wednesday the tax exemption, which was set to expire at the end of this year, will run from Jan. 1, 2018 until Dec. ...

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