New Energy Vehicle Energy Storage Subsidy

4 FAQs about New Energy Vehicle Energy Storage Subsidy

What happened to China's Central purchase subsidy for new energy vehicles?

As of 2023, China's central purchase subsidy for new energy vehicles (NEVs) has officially ended.1 In fact, the central government has gradually phased down purchase subsidies over the past few years before discontinuing them at the end of 2022.

How will new-energy vehicles improve Shanghai's air quality?

Shanghai has announced a new round of measures to boost the purchase and use of new-energy vehicles, aiming to improve the city's air quality, reduce its carbon footprint, and promote the development of the NEV industry.

Are PHEVs eligible for NEPC subsidies in Shenyang?

an existing conventional fuel car with an NEPC.5 In the case of Shenyang, both conventional fuel cars and NEPCs are eligible for the subsidy, with NEPCs receiving an additional 1,000 CNY, so that older, more polluting cars are retired faster. Plug-in hybrid electric vehicles (PHEVs) continue to play a role in the NEV mix.

Does Shenzhen offer a subsidy for NEV battery recycling?

Shenzhen led the way in 2018 as the first city in China to offer a subsidy for NEV battery recycling.20 Under this program, manufacturers selling NEVs in Shenzhen were granted a subsidy of CNY 20 per kWh, specifically intended for NEV battery recycling, with a cap of 50% of the total cost.

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