Promotion launched for new energy vehicles
May 26, 2015 Category Automotive, Weekly
China, which renewed a tax-exemption policy for new energy vehicles (NEVs) on May 18, is calling on Chinese automakers to submit a list of their models eligible for the promoting program. The plan exempts new energy vehicle users of vehicle and vessel use tax between CNY60 and CNY5,400 a year. The eligible NEVs include pure electric commercial vehicles, plug-in hybrids and fuel cell vehicles. Three government agencies – the Ministry of Finance, Ministry of Industry and Information Technology and Ministry of Transport – will examine information on the listed models and publish the list of approved cars. Some cities grant free license plates to new-energy vehicle buyers. In Beijing pure electric cars will not be banned from being driven one workday a week.
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