China slashes tax to promote green vehicles, ships
Updated: 2015-05-19 09:27
(Xinhua)
|
||||||||
BEIJING - China announced Monday that new energy cars and ships will be exempted from vehicle and vessel tax in a bid to save energy and combat pollution.
Cars exempted include pure electric commercial cars, plug-in hybrid vehicles and fuel-cell commercial cars, according to a joint statement by the Ministry of Finance, State Administration of Taxation and the Ministry of Industry and Information Technology.
In addition, vehicle and vessel tax will be halved for users of energy-saving cars and ships, said the statement.
China's new energy vehicle production jumped threefold year on year to 25,400 in the first quarter of 2015 thanks to intense government promotion and support.
In March, the Ministry of Transport set a target of 300,000 new energy vehicles on China's roads by 2020: 200,000 new energy buses and 100,000 new energy taxis and delivery vehicles.
The Ministry of Commerce also announced earlier this year that China will continue to encourage the construction of charging facilities in cities and implement tax exemptions and subsidies for car purchases.
- Premier takes in Irish countryside at old farm
- China, Ireland sign agricultural deals
- Monks practice martial art at Quanzhou Shaolin Temple
- The world in photos: May 11-17
- Daredevil breaks blindfolded tightrope walking record
- Helicopter-hailing app sees huge response for ride over Beijing
- Ten photos you don't wanna miss - May 18
- Huge mahjong tiles challenge participants
Most Viewed
Editor's Picks
What do we know about AIIB |
Full coverage of Boao Forum for Asia |
Annual legislative and political advisory sessions |
Spring Festival trends reflect a changing China |
Patent applications lead the world |
BC lures Chinese tourists |
Today's Top News
Li arrives in Brasilia to sign agreements
In Brazil's capital, young weigh in on China
Li samples products of an Irish farm
Premier eyes growth points on Brazil trip
9 dead in shootout in Texas
Alibaba denies luxury group's counterfeit claim
J-10 fighter jet 'good choice for Argentina'
China, US should not let distractions derail ties: Xi
US Weekly
Geared to go |
The place to be |