China Is Set to Extend EV Tax Incentives Amid Slowing Sales Growth

00:00

00:00/00:00

Listen to this article 1x

China has been promoting its EV industry for more than a decade with generous incentives to consumers and subsidies to automakers

(Bloomberg) — China is poised to extend incentives for electric-vehicle purchases as part of broader efforts to shake off a sluggish post-pandemic period.

The foundation for China’s economic recovery is not yet solid, the nation’s state radio reported late Friday, citing a State Council meeting chaired by Premier Li Qiang. China will extend and optimize new-energy vehicle purchase tax exemptions, the report said, without giving more detail.