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China extends tax rebate for electric cars, hybrids

China extends tax rebate for electric cars, hybrids

China extends tax rebate for electric cars, hybrids

China will extend a tax rebate on purchases of so-called new-energy vehicles (NEV) until the end of 2020, a boost for hybrid and electric car makers amid a shift by policy-makers away from the traditional internal combustion engine.

Source: www.reuters.com/article/us-china-autos-tax/china-extends-tax-rebate-for-electric-cars-hybrids-idUSKBN1EL0EV

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