Green Car Congress

MAY 7, 2009

China unveiled a support package for the auto industry early this year, cutting purchase taxes for cars with small engine capacities and providing subsidies to rural purchasers. Sales of China’s Chery, which makes cars with small engine capacities, hit a record high of more than 42,000 units in April.

Stimulus Package 150

Stimulus Package China Sale Minivan 150

Baua Electric

MAY 7, 2024

The year 2023 was the first in which China’s New Energy Vehicle (NEV) 3 industry ran without support from national subsidies for EV purchases, which have facilitated expansion of the market for more than a decade. However, the phase-out of several purchase subsidies in Germany slowed overall EV sales growth.

Costa Rica 52

Costa Rica Cars Brazil Thailand 52

EV Central

JANUARY 6, 2024

At that price it just sneaks in under the government’s FBT exemption, which allows for electric cars below $89,332 to pay no fringe benefits tax when purchased via a novated lease. Chery Omoda 5 EV Chery Omoda 5 EV. The 250kW/679Nm dual-motor all-wheel drive e-Tron 55 Quattro is pricier, at $108,500 plus on-roads.

Australia 92

Australia BYD Chery Volvo 92

Baua Electric

FEBRUARY 6, 2024

As of 2025, vehicles whose batteries contain certain “critical minerals” extracted or processed in China will also be ineligible for the tax credit. Chinese companies MG, BYD, and Chery have also been scouting sites in Mexico and talking to officials for better access to the North American market.

Chinese 52

Chinese China BYD Chery 52