Here you go
In a boon for EV (electric vehicles) production, the world’s largest market, China, has unveiled a US$72.3 billion package of tax breaks over four years for EVs and other green cars to boost auto sales growth.
“New energy vehicles purchased in 2024 and 2025 will be exempted from purchase tax amounting to as much as 30,000 yuan (US$4,170) per vehicle,” China’s Ministry of Finance said in a statement.
“The exemption will be halved and capped at 15,000 yuan ($US2,085) for purchases made in 2026 and 2027.”
While expected, the tax breaks far exceeded market expectations, the China Passenger Car Association stated.
The trickle-down effect should see demand for battery-grade materials – including lithium – remain buoyant across the period as long as EV sales keep growing.
Spot lithium carbonate prices in China have almost doubled in the past two months to US$44,146.27/t last week, according Fastmarkets, and a further pick-up in electric vehicle sales in the world’s biggest market should see these prices remain buoyant.
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Looking great. More Spod anyone ? anyone ?
Here you go In a boon for EV (electric vehicles) production, the...
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