China to scrap purchase tax on electric vehicles

China to scrap purchase tax on electric vehicles
Shanghai (AFP) July 10, 2014 - China will exempt electric cars and other types of "new energy" vehicles from purchase tax, the government said, as it seeks to reduce pollution and conserve resources. The State Council, or cabinet, said that buyers of new energy vehicles - fully electric, hybrid and fuel cell cars - would not have to pay the levy from September to the end of 2017, according to a statement. The tax is ... more

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