CX Daily: EV Boom Strains China’s Auto Tax System
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In Depth: EV Boom Strains China’s Auto Tax System
China hit its 2035 new-energy vehicle (NEV) target a full decade early. Now its auto tax system, built around engine displacement and fuel consumption, is struggling to catch up, threatening road maintenance funding, distorting local government incentives and forcing policymakers into a major tax overhaul.
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