China halves NEV subsidy to support only long-range, high-energy density vehicles
Published: Wednesday, 27 March 2019
The NEV subsidy has been cut again for 2019 as part of China's aim to gradually reduce state support while encouraging the production of longer-range, high-density vehicles.
China’s new energy vehicle (NEV) subsidies in
2019 will only be payable for pure electric vehicles with
higher driving range and energy density, while the value of the
subsidy will be reduced by 50% to a maximum of 25,000 yuan
($3,725) per vehicle produced.