China to lower NEV export tax rebate to 9 percent in April 2027

China announced on Monday that it will lower its value-added tax (VAT) export rebate rate for new energy vehicles (NEVs) to 9 percent, effective April 2027.

This policy change marks a shift in China's export incentives for the electric and alternative fuel vehicle sector, potentially altering global trade dynamics for the industry as the reduced tax rebates take effect in the coming years.