Subsidy on New Energy Vehicle 2023

Last updated: 25 May 2023

Provinces and municipalities announced their subsidies for New Energy Vehicles for 2023. These subsidies are provided by the central government, and then allocated to the provincial-level departments of finance. 

Companies manufacturing New Energy Vehicles (NEVs) which meet certain standards can apply for the subsidy. The qualifying standards include economic, environmental and social performance of the company as well as customer satisfaction level. 

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