China to cancel vehicle and vessel tax preferential policy for energy-saving vehicles, NEVs-Xinhua

China to cancel vehicle and vessel tax preferential policy for energy-saving vehicles, NEVs

Source: Xinhua

Editor: huaxia

2026-07-03 18:02:15

People visit an auto show in Jinan, east China's Shandong Province, April 10, 2026. (Photo by Hao Xincheng/Xinhua)

BEIJING, July 3 (Xinhua) -- Chinese authorities announced Friday that starting from January 1, 2027, the country will cancel the policies of halving the vehicle and vessel tax for energy-saving vehicles and exempting certain new energy vehicles (NEVs), including pure electric commercial vehicles, plug-in hybrid electric vehicles, and fuel cell commercial vehicles from the tax. 

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