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

Beijing wants to encourage new-energy vehicle adoption, but the transition is starving road budgets and distorting government incentives, driving demand for auto tax reform

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…