Chinese NEV subsidies prioritize higher driving range, energy density [CORRECTED]

By Martim Facada
Published: Thursday, 08 March 2018

China's 2018 new energy vehicle (NEV) subsidies prioritize pure electric vehicles with higher driving range and energy density while phasing out subsidies for vehicles with ranges of under 150km.

The NEV subsidy policy was first established in 2015 as part of China's 13th Five-Year Plan to develop, consolidate and make sustainable the Chinese battery industry.

The NEV subsidies have been adjusted annually to gradually reduce state support from "necessary" - to see this industry flourishing - to "auxiliary", while...

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