China scrapped the vehicle purchase tax on new-energy vehicles (NEV), effective in 2021 and 2022, in its latest efforts to lift car consumption in China, especially NEVs, at a time when the coronavirus epidemic has reduced demand.
China scrapped the vehicle purchase tax on new-energy vehicles (NEV), effective in 2021 and 2022, in its latest efforts to lift car consumption in China, especially NEVs, at a time when the coronavirus epidemic has reduced demand.