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2025-10-13 11:53:32 China has released new technical requirements for new energy vehicles (NEVs) to enjoy a 5% purchase tax incentive in 2026-27, according to a UBS report. With the pure electric range requirement for plug-in hybrid electric vehicles (PHEVs) increased from 43km to 100km, UBS expects that the new requirements will tighten the energy consumption limits for pure electric vehicles and PHEVs by 13-25% and 2-16%, respectively. Automakers must modify the models that fail to meet the new requirements and reapply for inclusion in the Ministry of Industry and Information Technology's purchase tax incentive list by December 12. Although UBS believes most automakers should be able to meet the new standards, the latest policy update may appear more stringent, adversely affecting market sentiment. ~ AAStocks Financial News Web Site: www.aastocks.com | |