Though details are currently still under consideration, the Chinese government is considering lowering the tax on imported electric vehicles, Beijing Business Today reported.

Miao Wei, minister of Industry and Information Technology, said the government is also working on regulations to encourage overseas enterprises such as Tesla to develop and produce electric vehicles in China.

The Chinese government currently only provides subsidies to locally produced new-energy vehicles, with 35,000 yuan ($5,700) to 60,000 yuan available to buyers of pure electric passenger vehicles.