NEW-ENERGY VEHICLE

China Unveils New-Energy Vehicle Development Plan

12 November 2020

On 2 November, the General Office of the State Council released a new-energy vehicle (NEV) industry development plan for 2021-2035 (Guo Ban Fa No. 39 [2020]). The plan is aimed at expanding the NEV sector and building automotive manufacturing capacity. More

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China Takes Further Measures to Expand Automotive Consumption

19 May 2020

With the approval of the State Council, local governments and departments will improve fiscal support policies for the purchase of new-energy vehicles. More

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China Extends Subsidy Scheme for New-energy Vehicles to End-2022

04 May 2020

On 23 April, the Ministry of Finance, the Ministry of Industry and Information Technology, the Ministry of Science and Technology and the National Development and Reform Commission jointly issued a circular (Cai Jian No. 86 [2020]), extending subsidies on new-energy vehicle (NEV) purchases to the end of 2022, rather than ending them at the end of this year. Subsidies will be cut by 10%, 20% and 30% from preceding year in 2020, 2021 and 2022 respectively. More

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China Exempts New Energy Vehicles from Vehicle Purchase Tax

28 April 2020

In order to promote the development of new energy vehicles (NEVs) and boost vehicle consumption, the Ministry of Finance, the State Taxation Administration (STA) and the Ministry of Industry and Information Technology (MIIT) recently announced (Announcement No. 21 [2020]) that NEV purchases will be exempt from vehicle purchase tax between 1 January 2021 and 31 December 2022. More

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China Clarifies Future of New-Energy Vehicle Tax Exemption Scheme

16 July 2019

With the aim of convincing the international community that it takes the protection of intellectual property (IP) rights very seriously, China has announced a robust new nationwide approach to the issue, while also specifying the measures to be used to ensure such rights are respected. More

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China Outlines Measures for Sustainable Domestic Consumer Market Growth

14 February 2019

China has recently circulated its Implementation Plan for Further Optimising Supply, Promoting Steady Consumption Growth and Promoting the Formation of a Strong Domestic Market (2019). More