China announces the intended removal of major fuel-cell, hybrid, and EV subsidy 

October 15, 2019 |

In China, Autonews.com has stated that the Chinese government has announced a plan to end the subsidy— initiated in 2019— for EV, hybrid, and fuel-cell vehicles by 2021. Officials hope this action will help China improve its competitive standing in the global hydrogen marketplace by removing the “addiction” to subsidies that some fuel-cell vehicle manufacturers have developed. While phasing out the subsidies, the central government has stated that they will encourage provincial governments to provide incentives for the construction of battery charging facilities as well as hydrogen refueling stations. With the subsidy, the Chinese fuel-cell vehicle market increased by 7.6 times according to the China Association of Automobile Manufacturers. 

Category: Policy

About the Author ()

Thank you for visting the Digest.