Tax break for alternative-fuel cars
By Li Fangfang | China Daily | Updated: 2014-07-11 07:00
The government's latest policy to support alternative-fuel vehicles - a waiver of the 10 percent purchase tax - will do much to accelerate individual adoption of those cars, said analysts.
They also said that a rapid buildout of public and private charging facilities is key to the future of new-energy vehicles in China.
The State Council on Wednesday announced that all alternative-fuel vehicles, whether local or imported, will be exempted from the purchase tax from September until the end of 2017.
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