China'S New Electric Vehicle Policy By 2024. China has extended its tax exemption policy for new energy vehicles (nevs) until 2027, showcasing its commitment to promoting the electric vehicle (ev) industry. From january 1, 2024, china's new policy on purchase tax for nevs comes into effect, which is set to affect consumers' purchasing decisions as well as the pricing strategies.
In the first five months of 2023, china’s auto exports to russia surged by 421 percent, amounting to $3.6 billion, or 12 percent of china’s total auto exports. China has extended its tax exemption policy for new energy vehicles (nevs) until 2027, showcasing its commitment to promoting the electric vehicle (ev) industry.