China starts 2020 NEV subsidy talks in bid to 'build confidence in industry'
Published: Monday, 13 January 2020
China’s 2020 new energy vehicle (NEV) subsidies is expected to see no significant decline in 2020. China’s annual output and sales of NEVs sees negative growth in 2019.
There will be no significant reduction in
China’s new energy vehicles (NEV) subsidies in
2020, Miao Wei, minister of China’s Ministry of
Industry and Information Technology (MIIT), revealed in a
conference on Saturday January 11.
The general principle for the policy this year is to
stabilize market expectations,...