China Raises Technical Bar for NEVs Eligible for Purchase Tax Exemptions

What’s new: China unveiled enhanced technical requirements for new energy vehicle (NEV) to be eligible for purchase tax exemptions which may mean some models are no longer able to receive tax breaks.

Under the new requirements released Monday by the Ministry of Industry and Information Technology, the Finance Ministry and the State Taxation Administration, pure electric cars should have a driving range of at least 200 kilometers per charge to be eligible for the purchase tax exemption, up from 100 kilometers in the previous requirements released in 2017.