China will exempt multiple Tesla models from auto tariffs

China’s automotive regulatory body declared on Friday that it will exempt Tesla electric vehicles from its purchase tax, helping the U.S. company avoid any increased costs from tariffs in the trade war.

The statement came from the Ministry of Industry and Information Technology, which announced broad tax exclusions for electric vehicles in a memo. The Tesla vehicle models exempted include its Model 3, Model S and Model X. Read the full article

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