MIIT to extend new energy vehicle subsidies and tax reduction policies for two years

Miao Wei, Minister of Industry and Information Technology, said that the central government has formulated policies and measures to promote the development of new energy vehicles.

Miao Wei, Minister of Industry and Information Technology, said that the central government has formulated policies and measures to promote the development of new energy vehicles.

With regard to the promotion of new energy vehicles, the production and sales of new energy vehicles have been greatly affected since the epidemic.

Specifically, this policy is to extend for two years the two policies of subsidizing new energy vehicles and reducing the purchase tax on new energy vehicles that were to be completed by the end of this year.

The government uses this method to resume the growth of production and sales of new energy vehicles.

Automobile production in April has basically reached the level of April last year. Miao expressed full confidence in its future development.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/05/27/miit-to-extend-new-energy-vehicle-subsidies-and-tax-reduction-policies-for-two-years/.

Leave a Reply

Please Login to Comment