On October 10, three ministries including the Ministry of Industry and Information Technology jointly issued the "Announcement on Adjusting the Technical Requirements for Energy-Saving and New Energy Vehicle Products Eligible for Vehicle and Vessel Tax Preferences". The announcement clarifies the technical requirements applicable to the vehicle and vessel tax reduction and exemption policy for energy-saving and new energy vehicles after 2026: it updates the comprehensive operating condition fuel consumption limit standards for energy-saving passenger vehicles, energy-saving light commercial vehicles, and energy-saving heavy commercial vehicles; adjusts the technical requirements for new energy vehicle products; and retains the other technical requirements for eligible energy-saving and new energy vehicles in accordance with the relevant provisions of Document Caishui〔2018〕No.74. View Details >