Ministry of Finance Expresses Continued Support for New Energy Vehicles
The Ministry of Finance of the People's Republic of China issued the "1H 2020 Implementation of China's Fiscal Policy Report" on its official website on August 6, 2020. The report mentioned about supporting the development of new energy vehicles in terms of supporting the development of the real economy and new momentum. In conjunction with relevant departments, it is clear that the purchase subsidy policy will be extended to the end of 2022. The intensity and pace of subsidy will be smoothly declined, and policy support for the development of new energy vehicles will continue.