New energy vehicle subsidies to be reduced 30% in 2022

Huawei Smart Selection Seres SF5 EV — A Huawei Smart Selection Seres SF5 electric vehicle at a Huawei store in Beijing on June 3, 2021. (REUTERS/REUTERS)

R

By:

Reuters

December 31, 2021 05:45 PM

BEIJING -- China will cut subsidies on new energy vehicles, such as electric cars, by 30 percent next year, the Finance Ministry said on Friday.

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