Thursday, April 3, 2025

China has reintroduced special support for electric cars

While the EU imposes tariffs on Chinese electric cars, the dictatorship offers its own citizens tax benefits for the purchase of electric cars.

The EU has decided to impose up to 38.1 percent punitive tariffs on Chinese cars until October this year. All because the EU believes that the Chinese state illegally supports the country's electric car industry.

At home in China, however, motorists clearly benefit from buying an electric car. Cash benefits. In 2023, the communist regime reintroduced a number of benefits for people who buy electric cars.

This is written by Motor.no .

Any motorist in China who is willing to scrap a fossil fuel car registered for the first time before April 30, 2018 can get 20,000 yuan in subsidies for a new electric car. This corresponds to 19,000 Danish kroner.

READ ALSO: Electric car exploded in underground garage – burned for 8 hours

However, if the car's engine is less than 2,000 cubic meters in displacement, the subsidy drops to 15,000 yuan. However, the requirement that the new car must run on electricity still applies.

The Chinese authorities stopped providing subsidies to private drivers in electric cars altogether in 2022. But some of the subsidy came back as tax benefits last year. Now the Chinese motorist can deduct 30,000 yuan in tax in the income year the new electric car is bought.

It is far from that at home. Instead, the government is content to exempt the vast majority of electric cars from registration tax. Specifically, cars priced below 436,000 are exempt from tax. This will also be the case in 2025.

However, at the part of Danish Industry that deals with the car industry, director Thomas Moller Sorensen is afraid that the Danes will lose interest in electric cars anyway. Read more about it here .

In Sweden, they have also chosen to remove the support for electric cars. The argument is that the electric car is gradually approaching the price of diesel and petrol cars. However, the country's government will give up to 10,000 kroner to get motorists to scrap certain fossil-fuel cars. Read more about it here .

Read more exciting news from and about the world of cars right here!

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