China adopts new car tax based on engine size to promote energy conservation
Green Car Congress
FEBRUARY 26, 2011
Xinhua. China’s legislature voted on Friday to adopt a new tax based on engine size to encourage the use of smaller engines in vehicles and vessels to reduce pollution and oil dependence. The law will go into effect on 1 January 2012. Under the old regulations, the same levy was charged for all motor vehicles, regardless of engine capacities. The annual taxes on vehicles and vessels range from 60 yuan to 5400 yuan, according to engine size as stipulated by the new law.
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