Volkswagen executive urges China to extend NEV tax exemption past 2023

by DailyBriefers
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SHANGHAI, April 1 (Reuters) – Stefan Mecha, chief executive of Volkswagen’s passenger car brand in China, on Saturday urged China to extend a purchase tax exemption on new energy vehicles (NEV) beyond this year.

Volkswagen plans to increase the number of charging posts in China for electric vehicles to 17,000 by 2025 as it increases investments in the country to catch up the electrification trend, Mecha said an industry forum in Beijing.

Reporting by Zhang Yan, Hongwei Li, Brenda Goh; Editing by William Mallard

Our Standards: The Thomson Reuters Trust Principles.

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