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11 Dec
07:24

China imposes new criteria for NEV tax cut eligibility

China’s Ministry of Industry and Information Technology (MIIT) released Monday a clarification on the new technical standards it proposed for refining EV qualification for vehicle purchase tax reduction, Kallanish learns.  The transition period for the new standards will be from 1 January to 31 May 2024. From 1 June next year, models not included in the new list will not be considered for tax cuts.  Compared to the current standards, the battery e…
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