Four sectors: In 2022, the subsidy standard for new energy vehicles will be reduced by 30% from the 2021 basis

Recently, the Ministry of Finance, the Ministry of Industry and Information Technology, the Ministry of Science and Technology, and the Development and Reform Commission jointly issued the Notice of the Ministry of Finance, the Ministry of Industry and Information Technology, the Ministry of Science and Technology, and the Development and Reform Commission on the Financial Subsidy Policy for the Promotion and Application of New Energy Vehicles in 2022. In 2022, the framework and threshold requirements of the current purchase subsidy technical indicator system will remain unchanged; in 2022, the subsidy standard for new energy vehicles will be reduced by 30% compared with 2021. Taking into account factors such as the development plan of the new energy vehicle industry, market sales trends, and the smooth transition of enterprises, the subsidy policy for the purchase of new energy vehicles in 2022 will be terminated on December 31, 2022, and vehicles licensed after December 31, 2022 will no longer be subsidized.