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China ends tax break on lithium-ion EV batteries after 11 years
China has scrapped a tax exemption on lithium-ion batteries used in electric vehicles, ending a policy in place for 11 years. The move means battery makers and EV manufacturers will face higher costs, potentially squeezing margins in the world's largest electric vehicle market. Industry watchers are assessing how the change will affect battery prices, EV affordability and China's position in the global supply chain.
Why now: The end of a long-standing subsidy-like tax break could raise costs across the EV industry and reshape battery supply chains.
Chinalithium-ion batterieselectric vehicles
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