China extends NEV purchase tax exemption worth 100 bln yuan

China extends NEV purchase tax exemption worth 100 bln yuan

BEIJING, Aug 19 (Reuters) - China will extend its exemption of new energy vehicles' from purchase taxes to the end of 2023, creating tax cuts worth a total of 100 billion yuan, state media Xinhua quoted cabinet meeting as saying on Friday.
Reporting by Hong Kong newsroom; Editing by Toby Chopra