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China has just released a new set of policies to boost the new-energy vehicle sector, the latest in nearly two decades of government support for the industry, Global Times reported.
Tax cuts for new-energy autos were announced recently, with the aim of increasing enthusiasm for the clean vehicles among automakers and drivers.
The vehicle taxes for 64 new energy-saving vehicles will be halved, according to an announcement jointly released by the Ministry of Finance, the Ministry of Industry and Information Technology (MIIT), and the State Administration of Taxation on June 5. This was the seventh new policy to promote the sector in the past three months this year.
As far back as the country’s 8th Five-Year Plan period(1991-95), the State Planning Commission, now known as the National Development and Reform Commission, began to push forward new-energy vehicle development. Support policies for clean autos have been mentioned in each five-year plan since then.
Top leaders from domestic automaker China FAW Group Corp, commonly known as FAW, also gathered together in Changchun, North China’s Jilin Province, for a meeting about the company’s electric auto development over the next eight years.
FAW’s strategy was encouraged by the Energy Saving and New Energy Auto Industry Development Plan (2012-20) released by the State Council in April, under which the country aims to sell 500,000 units of electric and hybrid vehicles by 2015 and 5 million by 2020.
Comment
New-energy vehicle has been a hot topic for a long time. The recent measure of vehicle taxes reduction will inject vigor into the development of the industry.
Tax cuts for new-energy autos were announced recently, with the aim of increasing enthusiasm for the clean vehicles among automakers and drivers.
The vehicle taxes for 64 new energy-saving vehicles will be halved, according to an announcement jointly released by the Ministry of Finance, the Ministry of Industry and Information Technology (MIIT), and the State Administration of Taxation on June 5. This was the seventh new policy to promote the sector in the past three months this year.
As far back as the country’s 8th Five-Year Plan period(1991-95), the State Planning Commission, now known as the National Development and Reform Commission, began to push forward new-energy vehicle development. Support policies for clean autos have been mentioned in each five-year plan since then.
Top leaders from domestic automaker China FAW Group Corp, commonly known as FAW, also gathered together in Changchun, North China’s Jilin Province, for a meeting about the company’s electric auto development over the next eight years.
FAW’s strategy was encouraged by the Energy Saving and New Energy Auto Industry Development Plan (2012-20) released by the State Council in April, under which the country aims to sell 500,000 units of electric and hybrid vehicles by 2015 and 5 million by 2020.
Comment
New-energy vehicle has been a hot topic for a long time. The recent measure of vehicle taxes reduction will inject vigor into the development of the industry.