China reduces subsidies for new energy vehicles

The Ministry of finance, the Ministry of industry and information technology, the Ministry of science and technology, and the national development and Reform Commission recently announced that the current technical index system framework and requirements for purchase subsidies will be maintained in 2021, with subsidies reduced by 20% compared with 2020, and vehicle subsidies in public transport and other fields reduced by 10% compared with 2020. The subsidy policy will be extended to the end of 2022In 2021, the new energy vehicle test method standard will be updated, and the test cycle will change from NEDC to WLTCThe number ofRead More →

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