China cuts EV export rebate to 9%

News reports have highlighted China's decision to reduce the export tax rebate on new energy vehicles, including electric and hybrid cars, from 13% to 9% starting April 2027, and to eliminate the battery tax rebate entirely beginning January 2027. This adjustment aims to curb fierce price competition and encourage companies to focus on technological development and branding. China’s expanding automobile exports, which exceeded 8.2 million units by September 2026 with significant growth in electric vehicle shipments, underpin this move. The industry expects continued growth and ongoing competition driven by technology rather than price, with sector performance remaining stable through the last quarter of 2026.

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