China weighs extending EV tax break beyond 2023

Beijing aims to create self-sufficient auto industry that helps economy grow

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China seeks to support the growth of the electric vehicle industry through tax measures. (Photo by Takashi Kawakami)

SHUNSUKE TABETA, Nikkei staff writer

BEIJING -- China will consider extending a tax break on the purchase of electric vehicles past the end of 2023, an official in charge of automobile policy said Wednesday, in a move aimed at supporting economic growth.

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