With a 25-percent import tariff looming like a hanging blade over U.S.-built vehicles in the Chinese market, Tesla has managed to side-step another sales-sinking levy: the country’s purchase tax.
At 10 percent, the purchase tax applies to most vehicle sales in that market, though the state exempts various domestic “new energy” (electric) vehicles from the added cost. As of Friday, Tesla vehicles, despite being manufactured in California, will join the ranks of these privileged automobiles. However, buyers hoping to realize the full benefit of the tax cut are out of luck. (Read More…)
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