China Extends EV Tax Credits

By Evan Williams Fresh off of a big ban of internal combustion cars, China is extending tax rebates for electrics for another three years.
The announcement was made at the very end of last year. It’s another step in what seems to be the road to banning internal combustion cars from the country altogether.
It comes just after the Chinese government announced that it was stopping production of 553 new cars because they produced more emissions than was deemed acceptable.
Instead of the tax exemption ending with 2017, it has now been extended until the end of 2020. The tax benefit applies to full-electric, plug-in hybrid,

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