China Economic Net Beijing April 29 The Ministry of Finance issued a notice on the financial subsidy policy for the promotion and application of new energy vehicles from 2016 to 2020 (hereinafter referred to as the “Noticeâ€) to subsidize consumers. According to the subsidy standard for the promotion and application of new energy vehicles in 2016, the maximum subsidy for pure electric vehicles is 55,000 yuan, and the maximum subsidy for hybrid vehicles is 30,000 yuan.
In 2016, new energy vehicles will be subsidized with reference to the cruising range, of which 100 to 150 km, subsidies of 25,000 yuan; 150 km to 250 km, subsidies of 45,000 yuan, and more than (including) 250 km subsidies of 55,000 yuan. The hybrid electric vehicle has a pure electric cruising range of more than 50 kilometers and is subsidized by 30,000 yuan.
According to the notice, new energy vehicle manufacturers will settle the new energy vehicle products according to the price after the deduction of subsidies, and the central government will allocate the subsidy funds advanced by the enterprise to the production enterprises according to the procedures.
China Economic Net reporter found that starting from 2017, in addition to fuel cell vehicles, the subsidy standards for other models have declined. Among them: the subsidy standard for 2017-2018 will decrease by 20% on the basis of 2016, and the subsidy standard for 2019-2020 will decrease by 40% from 2016.
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