The policy shift, effective in 2027, aims to replenish municipal coffers and reform a tax system strained by the country’s rapid transition away from gasoline cars

China will scrap preferential annual vehicle and vessel tax treatment for a range of energy-efficient vehicles and new energy commercial vehicles from Jan 1, marking a gradual…

From January 1, 2027, China will abolish the annual vehicle tax exemption for plug-in hybrids, range-extender vehicles, and several classes of electrified

Announcement by central government ministries extends the withdrawal of incentives for new-energy vehicles and energy-saving cars.

The policy shift, effective in 2027, aims to replenish municipal coffers and reform a tax system strained by the country’s rapid transition away from gasoline cars