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BottomBounce

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Re: Loudude117 post# 2509

Tuesday, 01/02/2018 11:12:06 PM

Tuesday, January 02, 2018 11:12:06 PM

Post# of 3967
$KNDI China extends tax rebate for NEVs
Boost for hybrid and electric carmakers? China's Finance Ministry will extend a tax rebate on purchases of new-energy vehicles from the end of this year until the end of 2020 amid a shift away from the internal combustion engine.

The extension comes as automakers in China brace to meet strict NEV quotas starting in 2019 that are sparking a flurry of new deals and launches of electric and hybrid car models.

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