SendStory Logo

China considers extending EV tax exemption to put industry back on track after Covid-19 lockdown

SCMP Business LogoSCMP Business4d ago

China considers extending EV tax exemption to put industry back on track after Covid-19 lockdown

Quick Summary

The tax cuts could spur consumers to spend an extra US$29.8 billion on EVs, which could help the industry regain momentum after output fell by 1 million units in April due to pandemic related curbs.


More Pictures

or

Article Details & Transparency

Author / Journalist: Daniel Ren

Category: Business

Source Website Secure: Yes (HTTPS)

Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

News Source URL: scmp.com

Readership Location: Hong Kong

Published Date: 2022-06-23, 18:30:31

News Timezone: GMT +8:00

Language: English

Compatibility: Desktop Web, Mobile Web, iOS App, Android App

News ID: 472229

Load More

About Publisher

SCMP Business Logo

Name: SCMP Business

Main Topics: Business

Official Website: scmp.com

Update Frequency: 10 posts per day

Last Update: 2h ago

Headquarters: Hong Kong

Coverage Areas: Hong Kong

Publication Owner: Independent Company

Publication Timezone: GMT +8:00

Languages Covered: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #163

Load More

SendStory makes reading the news super fast, short, and sweet by summarizing every story into 3 sentences. Our mission is to create an informed generation of people by making news extremely easy to read, while saving your precious time staying informed.

© Copyright 2022 SendStory. All Rights Reserved.