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CPCA Cui Dongshu: 2025 Car Trade-in Scale Expected to Be RMB180B+
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The scale of car trade-in for 2025 is expected to exceed RMB180 billion, Cui Dongshu, Secretary-General of the China Passenger Car Association (CPCA), said. Coupled with a 10% tax incentive for buying NEVs, the total amount of tax exemptions and subsidies for the year will be close to RMB400 billion, significantly driving the car market's growth beyond expectations. The tax exemptions for NEV purchases in 2025 will boost sales by 22% from the 2024 level, with corresponding tax relief exceeding RMB200 billion, Cui added. AASTOCKS Financial News Website: www.aastocks.com |
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