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Tax exemption for EVs extended until 2023

Beijing has extended the exemption from the purchase tax for EVs. The tax exemption will also apply for the entire year 2023, the government recently announced. The date of purchase will be based on the date of issuance of valid documents for the vehicle. As is already the case, the exemption is to apply to battery-powered electric cars, plug-in hybrids as well as fuel cell vehicles. The models are included in a catalog published by the IT Ministry. The tax exemption will automatically continue in 2023 for cars included in this catalog before December 31, 2022.

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