Shoppers walk past a Tesla showroom in Shanghai. China is considering extending the tax exemption on electric car purchases to help boost the Covid-hit sector. Photo: Bloomberg
Shoppers walk past a Tesla showroom in Shanghai. China is considering extending the tax exemption on electric car purchases to help boost the Covid-hit sector. Photo: Bloomberg

China considers extending EV tax exemption to put industry back on track after Covid-19 lockdown

  • State Council expects the tax cuts to spur consumers to spend an extra US$29.8 billion on electric cars
  • China’s car industry lost 1 million units in production because of pandemic-related curbs across the country

Shoppers walk past a Tesla showroom in Shanghai. China is considering extending the tax exemption on electric car purchases to help boost the Covid-hit sector. Photo: Bloomberg
Shoppers walk past a Tesla showroom in Shanghai. China is considering extending the tax exemption on electric car purchases to help boost the Covid-hit sector. Photo: Bloomberg
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