InsideEVs Catches A DENZA EV Presentation In Action Earlier This Year I Beijing For Auto China 2014

InsideEVs Catches A DENZA EV Presentation In Action Earlier This Year I Beijing For Auto China 2014

Spotted: A Tesla Model S In China

Spotted: A Tesla Model S In China

As we've detailed in the recent past, China is taking some significant strides to support the roll out of electric vehicles.

The latest move by China is to waive a 10 percent purchase tax on electric vehicles  "as part of expanded measures to combat pollution and cut energy dependence," according to Bloomberg.

Bloomberg adds:

"New-energy autos -- China’s term for electric cars, plug-in hybrids and fuel-cell vehicles -- will be excluded from the levy from Sept. 1 to the end of 2017."

Han Weiqi, a Shanghai-based analyst at CSC International Holdings, stated:

“The exemption will help spur demand for electric cars and plug-in hybrids by lowering the purchase cost.  Still, it remains to be seen whether the latest measure will have a decisive impact given other types of funding have been in place.”

The tax exemption applies to all plug-in vehicles, including those imported from other countries, such as the U.S.-made Tesla Model S.

Source: Bloomberg