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China offers $72B tax break to spur EV sales

A positive boost for battery metals

Nathan Richardson
This photo taken on Feb. 24, 2023 shows the assembly line of GAC Aion, an NEV subsidiary of Guangzhou Automobile Group Co., Ltd. (GAC Group), in Guangzhou, south China's Guangdong Province. (Xinhua/Deng Hua)

This photo taken on Feb. 24, 2023 shows the assembly line of GAC Aion, an NEV subsidiary of Guangzhou Automobile Group Co., Ltd. (GAC Group), in Guangzhou, south China's Guangdong Province. (Xinhua/Deng Hua)

The preferential purchase tax policy for new energy vehicles is being extended to the end of 2027 and will cover fully electric, hybrid and fuel-cell vehicles, Chinese authorities said. "Purchase tax...

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