China Considers Extending EV Tax Breaks ...Middle East

Economy by : (OILPRICE) -
China is reportedly mulling more tax breaks for electric vehicles, just months after it was widely thought that Beijing would be phasing out subsidies for EVs.  The news came as Chinese state television "reported that the government may extend tax exemptions on electric-car purchases in a bid to boost the auto sector," Bloomberg reported in a wrap up on Thursday.  The government is reportedly considering extending exemptions by roughly 200 billion yuan ($30 billion), the report says. The consideration was discussed during a State Council…

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