Chinese PHEV Purchase Tax 
The Truth About Cars
AUGUST 9, 2024
Chinese car buyers are among the most prolific EV and PHEV buyers in the world, and the country recently saw their sales numbers eclipse those of gas vehicles for the first time. Buyers do not pay sales tax on NEV purchases, and people who replace gas cars with an electrified model can receive a scrappage credit.
Baua Electric
AUGUST 8, 2024
BYD Yuan Up electric SUV (Source: BYD) EVs and PHEVs made up a record half of car sales in China in July, the first time this milestone was achieved in the world’s largest auto market. Sales of EVs and PHEVs – what China calls new energy vehicles (NEVs) – jumped 37% year-over-year in July, achieving a record 50.7% Get started here.
The Truth About Cars
AUGUST 9, 2024
Chinese car buyers are among the most prolific EV and PHEV buyers in the world, and the country recently saw their sales numbers eclipse those of gas vehicles for the first time. Buyers do not pay sales tax on NEV purchases, and people who replace gas cars with an electrified model can receive a scrappage credit.
EV Adoption
SEPTEMBER 7, 2021
One of the biggest complaints about the federal electric vehicle (EV) tax credit (IRC 30D) is that its structure of using a non-refundable tax credit is clearly more beneficial to higher-income households. How the Current Tax Credit Works For EV Buyers. And another 7 PHEVs qualify for credits of between $6,670 and $7,500.
Green Car Congress
JULY 9, 2012
China has made progress with automotive energy-saving technologies over the past 10 years through implementing passenger car fuel consumption limits and the use of fiscal policy to encourage the purchase of small cars, the government statement noted. 2012 Chinese Auto Industry Development Report.
Green Car Congress
OCTOBER 28, 2010
Power and Associates estimates combined global sales of hybrid-electric vehicles (HEVs), plug-in hybrid-electric vehicles (PHEVs) and battery-electric vehicles (BEVs) will total 5.2 Global HEV, PHEV and BEV sales in 2010 are forecasted to total 954,500 vehicles, or 2.2% million units in 2020, or some 7.3% million units (about 5.5%
Green Car Congress
AUGUST 6, 2013
Aspirational targets among seven countries participating in the Electric Vehicle Initiative would see growth from just under 2 million EV and PHEVs to just under 20 million by 2020. Between 2009 and 2011, Chinese buyers purchased 13,000 EVs and PHEVs—more than U.S. Source: “Electric Vehicle Grid Integration”.
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