Caixin
Jul 11, 2014 06:05 PM

Buyers of New-Energy Cars Will Be Spared Purchase Tax, Premier Says

(Beijing) – People who want to buy new-energy cars will be exempt from paying a purchase tax starting in September, Premier Li Keqiang said on July 9.

The exemption will last from September 1 to the end of 2017, Li said at a meeting of the State Council, China's cabinet. The government is compiling a list of models that will be covered by the new policy.

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