China Cuts NEV Export VAT Rebate from 13% to 9% Effective April 2027

China's Ministry of Finance and State Taxation Administration will reduce the VAT refund rate for new energy vehicle exports from 13% to 9% starting April 1, 2027. This policy shift signals a gradual withdrawal of export incentives for the NEV sector, potentially raising costs for exporters and affecting global EV pricing dynamics. The move may reflect Beijing's intent to manage trade tensions and domestic industrial policy priorities.