EV Charging Revenue Soars 163.9% YoY During Spring Festival Holiday

According to the latest VAT invoice data released by the State Taxation Administration, consumer demand for high-quality, smart home appliances surged during this year's Spring Festival holiday, driven by policy incentives such as trade-in programs and lottery-linked invoices. Sales revenue from daily-use home appliances—including robotic vacuum cleaners and screen-casting TVs—rose 19% year-on-year. Meanwhile, as charging and battery-swapping infrastructure continues to improve, green travel has gained further momentum, with revenue from motor vehicle charging services soaring by 163.9% year-on-year, reflecting a clear shift toward greener transportation choices during the holiday period.