China has extended its tax rebate scheme on new-energy vehicle (NEV) purchases until 1 December 2020 amid calls from automakers to support sales and in a bid to drive development in the sector. The exemption, which affects fuel-cell-powered vehicles and plug-in, petrol-electric hybrids, had been set to stop at the end of 2017. In an announcement made by China’s Ministry of Industry and Information Technology (MIIT), it said that “new energy-efficient vehicles” would be eligible for rebates starting this year.
China has extended its tax rebate scheme on new-energy vehicle (NEV) purchases until 1 December 2020 amid calls from automakers to support sales and in a bid to drive development in the sector. The exemption, which affects fuel-cell-powered vehicles and plug-in, petrol-electric hybrids, had been set to stop at the end of 2017. Automakers in China will be forced to meet stringent new quotas on NEVs that come into effect in 2019.