EVsElectrekabout 2 hours ago
China Cuts EV Export Rebate to 9%
6 min read
China's Ministry of Finance and State Taxation Administration announced on Monday that the VAT export rebate for new energy vehicles will drop from 13% to 9% on April 1, 2027. This policy affects Tesla, which relies on exports from Giga Shanghai to offset domestic sales declines, potentially costing the company around $600 million annually in lost rebates.
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