Report: China to adjust subsidy for new-energy vehicles by 2020-Shanghai Metals Market

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Report: China to adjust subsidy for new-energy vehicles by 2020

Industry News 03:19:20PM Jan 24, 2018 Source:SMM

China’s subsidies for new-energy vehicles would be cut down gradually through to 2020 so that the industry could operate in a smooth transition period, minister of Industry and Information Technology Miao Wei was quoted as saying in local media reports.

Miao pointed out that the country would build a unified market for new-energy vehicles where local protectionism will be eliminated. The government would also guide local subsidies to support the development of charging facilities instead of car purchases.  

 


The article is edited by SMM and is provided for information purpose only. It does not mean SMM agrees with its views and SMM assumes no liability for accuracy of information contained or quoted in the article.

 

Key Words:  new-energy vehicle   subsidy 

Report: China to adjust subsidy for new-energy vehicles by 2020

Industry News 03:19:20PM Jan 24, 2018 Source:SMM

China’s subsidies for new-energy vehicles would be cut down gradually through to 2020 so that the industry could operate in a smooth transition period, minister of Industry and Information Technology Miao Wei was quoted as saying in local media reports.

Miao pointed out that the country would build a unified market for new-energy vehicles where local protectionism will be eliminated. The government would also guide local subsidies to support the development of charging facilities instead of car purchases.  

 


The article is edited by SMM and is provided for information purpose only. It does not mean SMM agrees with its views and SMM assumes no liability for accuracy of information contained or quoted in the article.

 

Key Words:  new-energy vehicle   subsidy