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China Cancels Tax Incentives for Fuel-Efficient and New Energy Commercial Vehicles Starting January 1, 2027

2026-07-03 09:16:51

On January 1, 2027, China's Ministry of Finance, State Taxation Administration, and Ministry of Industry and Information Technology will cancel tax incentives for fuel-efficient vehicles and exemptions for pure electric commercial vehicles, plug-in hybrid vehicles, and fuel cell commercial vehicles, according to an official statement released on July 3. Vehicle owners with newly acquired or previously obtained vehicles of these types will be subject to vehicle and vessel tax in accordance with applicable regulations.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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