
BEIJING, July 1 (Xinhua) -- Chinese authorities have announced that the tax exemptions on new energy vehicles (NEVs) purchases will continue through 2020 to boost the country's green development and retain a strong domestic market.
From Jan. 1, 2018 to Dec. 31, 2020, the new energy vehicles will enjoy free purchase tax, the Ministry of Finance and the State Taxation Administration said in a joint statement.
China has intensified efforts for years to promote the use of NEVs to ease pressure on the environment, offering tax exemptions and discounts on car purchases. The government also encouraged carmakers to build more NEV factories and improve the technology.
China saw robust sales growth of NEVs in the first four months this year with 360,000 NEVs sold, surging by 59.8 percent from the same period a year earlier.
The government earlier this month announced measures to boost car sales, such as prohibiting local governments from imposing any limit on the consumption and use of NEVs.
Fire brigade in Shanghai holds group wedding
Tourists enjoy ice sculptures in Datan Town, north China
Sunset scenery of Dayan Pagoda in Xi'an
Tourists have fun at scenic spot in Nanlong Town, NW China
Harbin attracts tourists by making best use of ice in winter
In pics: FIS Alpine Ski Women's World Cup Slalom
Black-necked cranes rest at reservoir in Lhunzhub County, Lhasa
China's FAST telescope will be available to foreign scientists in April
"She power" plays indispensable role in poverty alleviation
Top 10 world news events of People's Daily in 2020
Top 10 China news events of People's Daily in 2020
Top 10 media buzzwords of 2020
Year-ender:10 major tourism stories of 2020
No interference in Venezuelan issues
Biz prepares for trade spat
Broadcasting Continent
Australia wins Chinese CEOs as US loses