China suggests no significant NEV subsidy cut in 2020, but the industry must prepare regardless

Having slashed subsidies in July 2019, this week Miao Wei from China’s Ministry of Industry and Information Technology (MIIT) indicated that the ministry would not make a significant reduction in NEV subsidies during 2020. However, it is important to note that this does not represent official policy, which has yet to be confirmed. NEV subsidies […]