BEIJING -- Sales of electric vehicles, plug-in hybrids and other new-energy cars and light trucks are expected to see sales growth of around 40 percent in
2018, an industry association said.
Sales of NEVs will "definitely" top 1 million vehicles this
year, one official from the China Association of Automobile
Manufacturers said Thursday.
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 EV makers amid a shift by policy-makers
away from the traditional internal combustion
China government officials have adopted the change in policy to combat smog and pollution in the country's biggest cities.