China Government to Further Cut Subsidies for New Energy Vehicles

SHANGHAI, Jul. 28 (SMM) – Chinese government will further decrease subsidies for new energy vehicles in 2017-2018, SMM reports.

Market Enthusiasm for New Energy Vehicles Grows in China despite Falling Subsidies

The government will further cut subsidies by 20% from the basis of 2016 for 2017-2018, and will cut by 40% from the basis of 2016 for 2019-2020. The policies come into effect from 2016-2020.

China will adjust subsidies for new energy vehicles based on technical improvement, industry development, application scale and costs of the industry. 

The article is edited by SMM and is provided for information purpose only. SMM assumes no liability and does not warrant the accuracy, reliability or completeness of information contained or quoted in the article, either express or implied. SMM further disclaims any liability for losses in connection with the information contained or quoted in the article.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.