Charging toward a new-energy market

Govt incentives to keep firms interested in sector

As the government moves to stimulate sales of new-energy vehicles, a list of pure electric, plug-in and fuel-cell models exempt from sales tax will be released later this month, according to the Ministry of Industry and Information Technology.

With taxes averaging about 10 percent of the sticker price on new cars in China, the measure effective from Sept 1 should give a boost to the industry, said industry experts.