New Legislation exempts 'Green' Vehicles

An Expert's View about Automobile in China

Last updated: 29 Jun 2011

The State Council, or China's cabinet, on Wednesday began soliciting public opinions on a draft regulation for the implementation of the Vehicle and Vessel Tax Law, which will exempt electric cars, fuel-cell vehicles and hybrid vehicles from taxation.

The draft regulation was created in line with the Vehicle and Vessel Tax Law, which stipulates that "tax reductions and exemptions should be granted for vehicles and vessels that save energy or use new energy," according to a statement released on Wednesday by the Legal Affairs Office of the State Council.

Taxes on other hybrid vehicles will be halved, the regulation said.

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Posted: 28 June 2011, last updated 29 June 2011

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