Starting Sept. 1, lithium-ion cells will be subject to a 2% consumption levy, marking another step toward equalizing the tax burden between electric and gasoline vehicles
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China will scrap a consumption tax exemption for lithium-ion batteries used in electric vehicles (EVs), phasing out an incentive for the EV industry as the country’s auto market undergoes a structural shift.
China will end the tax exemption for lithium-ion batteries that has been in place since 2015. From September, the country will…
China will discontinue a consumption tax exemption for battery products, including lithium-ion batteries used in electric…
Beijing will restore levies on mature battery products such as lithium-ion cells while exempting sodium-ion, solid-state and…
Beijing is attempting to curb overcapacity and intense domestic price wars by ending a decade-long levy exemption on batteries.
The policy shift, effective in 2027, aims to replenish municipal coffers and reform a tax system strained by the country’s rapid…
China is ending a 10-year consumption tax exemption on lithium batteries (2% from September, 4% from 2027) and solar cells.…
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