EU, China cap hybrid imports
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The European Union and China agreed to cap Chinese-made hybrid car imports at 350,000 annually from 2027, more than halving expected shipments and easing trade tensions.
Reposted by Simon Lester
China to lower value-added tax export rebate for EVs including hybrid to 9% from 13% from April 1 2027
Beijing effectively reducing a financial incentive to export cars, dovetailing with EU concerns about flood of cheap Chinese EVs
China to lower value-added tax export rebate for EVs including hybrid to 9% from 13% from April 1 2027
Beijing effectively reducing a financial incentive to export cars, dovetailing with EU concerns about flood of cheap Chinese EVs