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China to eliminate electric vehicle subsidies by end of 2022

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In a statement released on Friday, the Chinese Ministry of Finance announced that these purchase subsidies would be reduced by 30% from the start of the year, before disappearing entirely at the end of 2022.

December 2022 “,” text “:” In view of the development of the new energy vehicle industry, the sales trend and the smooth transition of manufacturers, subsidies […] will end on December 31, 2022 “}}”>In view of the development of the new energy vehicle industry, the sales trend and the smooth transition of manufacturers, the subsidies […] will end on December 31, 2022, the ministry said.

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