China extends NEV purchase subsidy, purchase tax exemption policy
Published: Wednesday, 01 April 2020
China will extend the new energy vehicle (NEV) purchase subsidy and purchase tax exemption policy for two years in an effort to support consumption and mitigate the impact of the Covid-19 pandemic on the economy.
By Carrie Shi, Susan Zou
Yet the measures may not be sufficient to drive lithium and
cobalt market development significantly in the near term,
Chinese Premier Li Keqiang announced at a State Council
meeting on Tuesday March 31 that the NEV purchase subsidy and
purchase tax exemption...