EV Became An Inevitable Trend; Policy Focus Shifts Towards Improving Supporting Infrastructure

The new budget announced that, considering the market competitiveness of electric private vehicles, the “one-for-one” tax reduction for first-time registration of EV will not be extended after its expiration on the 31st of this month. However, the tax reduction arrangement for first-time registration of electric commercial vehicles will continue until March 31, 2028. Some believe that the government’s focus in promoting electric private vehicles is shifting from tax reductions to improving supporting infrastructure, with the primary focus being solving the “charging difficulty” problem. Recently,  electric vehicle dealerships stated that if the conflict in the Middle East continues, it could lead to a sharp rise in oil prices, increasing the desire to purchase electric vehicles. However, the most pressing concern for car owners remains the charging issue.

 

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