Financial subsidy for New energy vehicle extends to 2022

China new energy development strategy and financial subsidy policy On April 23, the Ministry of finance, the Ministry of industry and information technology, the Ministry of science and technology and the development and Reform Commission jointly issued an announcement(2020/86)to extend the financial subsidies for new energy vehicles to the end of 2022. The subsidy in 2020-2022 will be reduced by 10%, 20% and 30% respectively on the basis of the previous year The subsidy for electric vehicles of public transport, urban public transport, road passenger transport, taxi (including online car Hailing), sanitation, urban logistics distribution, postal express, civil aviation airport,Read More →

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