BEIJING, Jan 11 (Reuters) - China's new-energy vehicles
(NEVs) are expected to see sales growth of around 40 percent in
2018, an industry association said on Thursday.
Sales of NEVs would definitely top 1 million vehicles this
year, one official from the China Association of Automobile
Manufacturers (CAAM) told a press conference.
China's finance ministry said in December it will extend a
tax rebate on purchases of NEVs until the end of 2020, a boost
for hybrid and electric car makers amid a shift by policy-makers
away from the traditional internal combustion
(Reporting by Beijing Monitoring Desk; Editing by Muralikumar
First Published: 2018-01-11 08:50:48
Updated 2018-01-11 10:04:38
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