China Announces New, Stricter Standards for NEV Tax Breaks in 2026-2027
China’s push for cleaner vehicles just got a lot more serious. On October 9th, three key government bodies—the Ministry of Industry and Information Technology, the Ministry of Finance, and the State Taxation Administration—jointly released updated, tougher technical requirements for New Energy Vehicles (NEVs) to qualify for purchase tax exemptions in 2026 and 2027. This announcement […]