Vehicle Sales
Timetable for more affordable Tesla slips further
Musk no longer dangling the possibility of a 2024 rollout of his firm’s new offering
Policy and Regulation
Why EV tax breaks in China are good news for global OEMs
Growth in their home market removes a key driver of Chinese OEMs' push for exports
2 min read
China has extended the tax breaks it offers to buyers of what it calls new energy vehicles (NEVs) for another four years at a cost of RMB520bn ($72.3bn), providing a boost to the country’s flagging automotive industry.
The RMB30,000 per vehicle incentive applies to BEVs, PHEVs and FCEVs in 2024 and 2025 and will drop to RMB15,000 in 2026 and 2027.
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Federal EV tax credit savings reach $1bn
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