China to end NEV subsidy policy at end of 2022

Nuying Huang, Taipei; Eifeh Strom, DIGITIMES Asia 0

Credit: AFP

China recently announced it will cut new energy vehicle (NEV) subsidies. Subsidies will be reduced by 30% in 2022 compared to 2021 and will be completely cut at the end of the year, terminating the government's 12-year NEV promotion subsidy policy.

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