China to extend, optimize NEV purchase tax exemption, build high-quality charging network – state council
MACRO POLICY & REGULATION
China to extend, optimize NEV purchase tax exemption, build high-quality charging network – state council
MACRO POLICY & REGULATION

China to extend, optimize NEV purchase tax exemption, build high-quality charging network – state council

 

>>REAL-TIME UPDATES IN THE WIRE. CLICK HERE<<<

 

 

China will extend and optimise a purchase tax exemption on new-energy vehicles, build a network of high-quality charging facilities, further stabilize market expectations, optimize consumption environment and fully release the potential of auto consumption, China’s State Council said at a meeting on Friday, according to state media.

The meeting noted that NEVs are a main focus of the transformation and upgrading of the automotive industry, which has broad space for development.

The meeting urged efforts to consolidate and enhance development strengths of NEVs, further optimize the industrial layout and achieve major advances in core technologies in key fields such as electric power systems, new chassis frameworks and intelligent driving systems. International and domestic resources will be leveraged in a well-coordinated way.

A sound mechanism of power battery recycling will be in place, and a vehicle-road-cloud ecosystem will be built to ensure that the entire industry chain, which promotes green development, is more self-supporting and that risks are better controlled, it said.

The foundation of China’s economic recovery is not yet solid and the country further stabilize expectations, lift confidence in the economic development, stimulate market vitality and promote sustained rebound in economic operation, CCTV reported.