China reveals plans to slash NEV Subsidies
China has announced its’ subsidy plan for for vehicles with electric and plug-in-hybrid propulsion systems for 2018. As expected, finding will become increasingly dependent on range.
As previously reported, subsidies will be increasingly dependent on the battery capacity or energy efficiency.
Now it has been reported, that as of 2018 electric vehicles with a range less than a 150 km (~93 miles) will not receive any government subsidies whatsoever. Tax benefits for vehicles with a range of above 300 km (~190 miles) will increase.
In the commercial vehicle sector, maximum subsidies are noticeably dropping, as electric buses receive approximately 40% less subsidies compared to 2017, and will be strongly linked to energy efficiency.