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China

China to cut 2021 NEV purchase subsidies by 20% based on 2020 levels

On December 31, 2020, 4 government authorities in China, including the Ministry of Finance (MOF) and the Ministry of Industry and Information Technology (MIIT), released a notice about the decision to further optimize the financial subsidy policies for new energy vehicles (NEVs). The new policies will be implemented ....

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