China: Plug-Ins To Be Exempt From Purchase Taxes In 2023 Too via insideevs.com
's Ministry of Finance, Ministry of Industry and Information Technology and State Taxation Administration announced in a joint statement that NEVs - mainly all-electric and plug-in hybrid cars, but hydrogen fuel cell cars also count - purchased between January 1, 2023 and December 31, 2023, will be exempt from purchase taxes.
The incentive was initially introduced in 2014 and then extended a few times and set to expire at the end of 2022. The latest decision means an extension of another year, to 2023,According to the Chinese media, the value of the incentive is about 10,000 yuan , so not something that would be fundamental. On the other hand, the Chinese government probably prefers to enter smoothly into 2023, considering all the difficulties in 2022.
The article says that during the first seven months of the year, the total exemption for NEVs amounted to 40.7 billion CNY , which is 108.5% more than a year earlier. That's for some 2.8 million plug-in cars.some 6 million plug-in passenger cars might be sold in China in 2022 . After August, the tally is at 3.4 million, so with four months to go, the average would have to be at 650,000 per month. It's possible, considering over 550,000 in August and strong growth.
China remains not only the largest plug-in electric car market globally but also appears to be expanding its share beyond 50% in recent months. One of the reasons behind it might be a slower growth in Europe, which faces energy and supply chain issues, caused by the Russian invasion of Ukraine.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
1 dead after multi-vehicle collision in WildwoodOne person has died after a crash involving several vehicles in Wildwood, New Jersey.
Leer más »
China reports 999 new COVID cases for Sept 25 vs 936 a day earlierChina reported 999 new COVID-19 infections on Sept. 25, of which 295 were symptomatic and 704 were asymptomatic, the National Health Commission said on Monday.
Leer más »
China GPU prices drop to new lows after the Ethereum MergeOne merchant believes that the decrease in demand is highly influenced by the hype that surrounded the Ethereum Merge.
Leer más »
New York, New Jersey State Police land in Puerto Rico to assist with Fiona recovery69 New Jersey State Troopers and a contingent of New York State Troopers will participate in a mission primarily focusing on humanitarian aid.
Leer más »
‘Shadow And Bone’ Season 2: Netflix Drops New Teaser Featuring New CharactersNetflix has dropped a teaser for Shadow and Bone Season 2 that gives fans a look into the season ahead. The streaming platform released the preview clip as part of the announcements during the glob…
Leer más »