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Spirethoughts

Spire's six most recent Spirethoughts.

Countries fight Covid-19 crisis with economic bailout packages
EU offers more market access to Vietnam
EU offers more market access to Vietnam
The Coronavirus spells trouble for the pharma industry in India and gl...
Will electric cars be more enjoyable to drive
Will electric cars be more enjoyable to drive?
Drones: Winging it like a bird
The World Bank’s USD212 million Green loan for Vietnam
The World Bank’s USD212 million Green loan for Vietnam

Chinese paves way for more new-energy cars

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The Chinese government has decided to halve vehicle taxes for clean-energy to boost the slow sales in the country.

The Ministry of Finance, the Ministry of Industry and Information Technology, and the State Administration of Taxation had jointly announced that the fees for users of seven types of electric automobiles will be removed. A second wave of tax cuts were also announced for clean-energy cars, specifying 64 new energy-saving vehicles under the scheme.

Since March 2012, the Chinese government had listed at least 200 types of clean-energy cars under the scheme. The government had undertaken vigorous efforts in promoting the sales of new-energy cars through subsidies and reduced taxes – but sales remain lukewarm.

Despite the slow sales, Spire believes that with the heightening efforts on going green, the new-energy cars market would thrive in the coming years!

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