Chinese authorities on March 26 unveiled a tougher new energy vehicle (NEV) subsidy policy to boost a high-quality development of NEV industry.
Tag: china subsidies
As the subsidies decrease, the new energy vehicle market has to switch from being policy orientated to being market focused.
After lowering subsidies for many plug-ins this year, China is expected to reduce subsidies by a third in 2019. It will reportedly eliminate them soon after.
China has approved several vehicles for subsidies that use "ternary" lithium-ion batteries, which employ nickel, cobalt and manganese (NMC).
China will cap subsidies and increase technical requirements for green energy vehicles starting next year in the wake of a subsidy cheating scandal, according to...
China Phasing Out Electric Vehicle Incentives; Will Instead Support EV Development and Research by Nation’s Major Automakers
China's Minister of Science and Technology, Wan Gang, rightly says that government incentives on electric vehicle purchases are "short-term solutions." We...