China to cut EV export VAT rebate

China has announced that it will reduce the VAT rebate rate on exports of new energy vehicles from 13% to 9% starting April 2027, as part of its efforts to improve support policies for the sector. The rebate on exports of electronic cigarette devices and related products will be canceled on the same date, while maintaining stable consumer policies for these products. These adjustments follow the elimination of the rebate on photovoltaic products and the reduction of the rebate rate for battery products, as China strives to enhance the competitiveness of its new energy vehicle sector, which has experienced rapid growth and a significant increase in exports in recent years. China’s vehicle exports exceeded 8.2 million units by September, including over four million new energy vehicles, reflecting the sector’s resilience amid global supply chain disruptions.

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