China starts 2020 NEV subsidy talks in bid to 'build confidence in industry'

By Carrie Shi
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,...

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