China is cutting subsidies on new energy vehicles. Subsidies for passenger EVs that are registered from February 12 through June 11 will be cut by 30 percent. While subsidies for freight EVs that are registered in the same period will be reduced by 60 percent. Subsidies for Fuel Cell Electric Vehicles will remain unchanged. The government also set 20,000 kilometers operating mileage requirement for subsidies application.
But private passenger EVs, public service EVs and those used in airports are not subject to the mileage requirement. The new rules also lift the technology barrier of EVs and specify inspection systems on EVs and batteries. The new rules took effect on Monday.