Top 10 important auto events in 2015

9 Stimulus

After the State Council relaunched a tax deduction in October to encourage the purchase of passenger cars, the nation's sales volume reversed its downward trend within a month.

The tax was halved for buyers of new passenger cars with engines that are 1.6 liters or smaller.

The government called for the phaseout of gasoline vehicles that fall below the National I Emission Standard and diesel autos that fall below the National III standard by 2017.

Besides boosting sales of vehicles, the State Council hopes its actions will also promote restructuring in the auto manufacturing industry and eliminate heavy polluting vehicles from the nation's streets.

[Photo/China Daily]