China extends NEV purchase subsidy, purchase tax exemption policy

By IM Staff
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, Fastmarkets heard. 

Chinese Premier Li Keqiang announced at a State Council meeting on Tuesday March 31 that the NEV purchase subsidy and purchase tax exemption...

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