Cancellation of PV export VAT rebate to drive EVA industry upgrading

China will abolish the export VAT rebate for products like PV from April 1, 2026, and this is expected to drive up EVA prices in the short run, and force the industry upgrading, accelerate industry consolidation and dirve globalized capacity layout in the long run.

China's Ministry of Finance and State Taxation Administration jointly issued an announcement on January 8, stating that starting from April 1, 2026, the export value-added tax (VAT) rebate for products such as photovoltaics (PVs) will be abolished. This will boost the ethylene vinyl acetate (EVA) market in the short