China Mulls Extension to New-Energy Vehicle Tax Rebate

China is planning to extend a tax rebate on the purchase of new-energy vehicles as part of efforts to boost the country’s fledgling green transport industry, several sources close to policymakers told Caixin. 

The government will continue to waive the current 10% purchase tax on new-energy vehicles — a category that includes hybrid cars as well as those powered exclusively by electric batteries or hydrogen fuel cells — until 2020, people with knowledge of the matter said. The current tax rebate policy is due to expire at the end of the year.