China Cuts NEV Export Tax Rebates, Testing Profitability of Automakers' Overseas Growth

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China is cutting subsidies for the country's electric car manufacturers. The tax relief for exported electric cars and plug-in hybrids is being sharply reduced. A 7,000 kronor fine for each car exported to Europe Chinese car manufacturers have taken increasing market shares in Europe with competitive prices. But now comes an unexpected announcement from the Chinese government. The country will reduce tax rebates for exports of […]

1prime.ru

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China will reduce the VAT return rate for exports of "new energy" vehicles (electric vehicles) to 9% from 13% as of 1 April, following notification ... . . . 12.10.2026, PRIM