China Moves to End Long‑standing Lithium‑Ion Battery Tax Break

China ranked first globally last year in sales of new energy vehicles, which include electric vehicles and hybrids, for the 11th year in a row. (Photo by Shizuka Tanabe)

SHIZUKA TANABE

October 1, 2026 06:38 JST

GUANGZHOU – China has begun to wind down its electric‑vehicle incentives, reinstating a consumption tax on lithium‑ion batteries in September and announcing that vehicle purchase tax exemptions will be phased out by 2028.

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