China to cut new energy vehicle subsidies by 30% in 2022
- 02-Jan-2022
BEIJING: China will cut subsidies on new energy vehicles (NEVs), such as electric cars, by 30% in 2022 and withdraw them all together at the end of the year, the Finance Ministry said on its website. The ministry had said in April 2020 that NEV subsidies would be cut from 2020 to 2022 by 10%, […]