Business & Finance
China to Impose Consumption Tax on Solar and Lithium Batteries
Key Points
Hyperdrive China to Impose Consumption Tax on Solar and Lithium Batteries China plans to end a decade-long consumption tax exemption for solar and lithium-ion batteries, marking a policy shift as Beijing seeks to rein in intense competition in the industries central to the clean-energy transition. China will initially impose a 2% consumption tax on lithium-ion batteries, used in electric vehicles and energy storage systems, from this September, and on solar batteries from April 1, 2027,...
Hyperdrive
China to Impose Consumption Tax on Solar and Lithium Batteries
China plans to end a decade-long consumption tax exemption for solar and lithium-ion batteries, marking a policy shift as Beijing seeks to rein in intense competition in the industries central to the clean-energy transition.
China will initially impose a 2% consumption tax on lithium-ion batteries, used in electric vehicles and energy storage systems, from this September, and on solar batteries from April 1, 2027, according to a Ministry of Finance announcement on Friday.