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#China unveiled on Wed. a 520bn yuan ($72.3bn) package of #taxbreaks over 4y for #ElectricVehicles and other #green cars, its biggest yet for the industry as it seeks to boost slower auto sales growth, chart @ReutersBiz https://shorturl.at/aEFLV
New #energy vehicles NEVs purchased in 2024 & 2025 will be exempted from purchase tax amounting to as much as 30,000 yuan ($4,170) per vehicle. The exemption will be halved and capped at 15,000 yuan for purchases made in 2026 and 2027.