Breaking: Starting January 1, 2027, the Chinese government will scrap the 50% vehicle and vessel tax reduction for energy-saving vehicles.
Tax exemptions on vehicle and vessel taxes for battery-electric commercial vehicles, plug-in hybrids (including EREVs), and fuel-cell commercial vehicles will also be eliminated. #ChinaEV #NEV
Go Nioooooo,bullish for the only bev player in china,fuck li auto,fuck xpeng,fuck the rest.
