Articles Tagged with "Policy"

China’s Zhejiang province eyes annual NEV production volume of over 1.2 million units by 2025
China’s Zhejiang province eyes annual NEV production volume of over 1.2 million units by 2025

East China's Zhejiang province expects its annual production volume of new energy vehicles (NEVs) to surpass 1.2 million units by 2025, according to a document issued by the Zhejiang Provincial Development and Reform Commission on Jan. 29.

Jan. 31 , 2023
Shanghai extends subsidies to bolster automobile consumption
Shanghai extends subsidies to bolster automobile consumption

The municipal government of Shanghai, one of major metropolises in China, will continue to subsidize the consumers who replace their old cars with new energy vehicles, as part of efforts to spur automobile sales.

Jan. 29 , 2023
Gasgoo Daily: China exempts 87.9 billion yuan of purchase tax on NEVs in 2022
Gasgoo Daily: China exempts 87.9 billion yuan of purchase tax on NEVs in 2022

With Gasgoo Daily, we will offer daily important automotive news in China. For those we have reported, the title of the piece will include a hyperlink, which will provide detailed information.

Jan. 16 , 2023
China’s Hunan Province eyes 1.5 million units of annual automobile output by 2025
China’s Hunan Province eyes 1.5 million units of annual automobile output by 2025

China's Hunan province is ambitious to hit an annual automobile output of 1.5 million units by 2025, over 1 million units of which will be new energy vehicles.

Oct. 18 , 2022
China extends NEV purchase tax exemption to end of 2023
China extends NEV purchase tax exemption to end of 2023

China has extended the exemption of purchase taxes on NEVs by another year to the end of 2023, as part of measures to boost auto sales and the NEV industry development, according to a notice today jointly issued by China's MIIT.

Sep. 26 , 2022
China cuts 23.04 billion yuan of car purchase tax in Jun.-Aug. period of 2022
China cuts 23.04 billion yuan of car purchase tax in Jun.-Aug. period of 2022

There were around 3.553 million cars benefiting from China's car purchase tax breaks in the Jun.-Aug. period of this year, according to the data released by China's State Taxation Administration.

Sep. 13 , 2022