Policy
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China to extend purchase tax exemption for NEVs, says top govt meeting
China's policy of exempting NEVs from purchase taxes has been extended several times over the years.
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Shanghai aims to see over 50% of vehicle sales be purely electric by 2025
Shanghai is accelerating the full electrification of public sector vehicles and encouraging the private sector to buy electric passenger cars, according to a carbon peak implementation plan.
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Beijing to transform city's major gas stations into charging and battery swap stations
Beijing aims to have 700,000 charging piles and 310 battery swap stations by 2025 in the city.
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Chinese state paper article calls for more policies to spur NEV consumption
China needs to further optimize NEV consumption to provide support for stable auto consumption and economic growth, according to an article in Economic Daily.
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BYD, Tesla top winners under China's 'dual credit' policy
BYD and Tesla have earned 1.66 million credits and 1.4 million credits in 2021, valued at about RMB 3.46 billion and RMB 2.93 billion, respectively.
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China issues measures to expand auto consumption, hints at extension of NEV purchase tax exemption
The first of the measures, developed by 17 government departments, is to support the purchase and use of NEVs.
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Central China's Wuhan becomes latest city to boost NEV consumption
Consumers with Wuhan license plates who transfer or scrap their old vehicles and purchase NEVs will each receive a subsidy of at least 5,000 yuan ($750) over the course of their use of the vehicle.
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Beijing offers subsidies of up to $1,500 to encourage purchases of NEVs
Models using extended-range technology, which are treated the same as ICE vehicles in the new car market, have been included in Beijing's latest subsidy policy in a rare move.
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EV-related stocks soar as China studies 'extraordinary' policies to stabilize manufacturing growth
China is set to introduce extraordinary policies to address the risk of a lack of investment momentum in manufacturing downstream companies whose profits are being squeezed.
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China unveils policy to boost consumption of NEVs in rural areas
BYD has six models on the list, and Leapmotor, WM Motor, Neta and Ora also have models eligible to participate in the campaign.
