news-pubblication-sino-italian
China to Exempt Green Vehicles from Taxation
12 July 2011
electric-cars-plug-inThe Chinese State Council is working on a new regulation concerning taxation of transports that exempts electric cars, fuel-cell vehicles and hybrid vehicles from taxation.

The regulation will take effect on January 1, 2012 and is integrated in the Vehicle and Vessel Tax Law which stipulates that "tax reductions and exemptions should be granted for vehicles and vessels that save energy or use new energy".
The new regulation affirms that the tax reduction for hybrid vehicles will be halved, and the governments of each province should create their own taxation standards.
Taxation will be calculated according to the engine capacities, as well as the total number of vehicles in the area and local tax laws.
Local tax authorities will be responsible for collecting vehicle and vessel taxes.

These new benefits are in addition to the huge subsidies offered in 2010 that is a maximum subsidy of 60,000 yuan to buyers of pure electric vehicles and 50,000 Yuan for plug-in hybrid purchases.

 

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