China says tax breaks to stay for over 90% of new energy...

China says tax breaks to stay for over 90% of new energy vehicles | Reuters

"BEIJING, Dec 11 (Reuters) - More than 90% of China's existing new energy vehicle (NEV) models will continue to receive tax breaks on purchases, under new technical requirements unveiled on Monday, China's industry ministry said.

The technical requirements for NEV eligibility for purchase tax exemptions from 2024 state that pure electric cars should have a driving range of at least 200 kilometres per charge while plug-in hybrid cars should be able to run at least 43 kilometres on electricity, the Ministry of Industry and Information Technology said in a statement."