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China to not cut NEV subsidies in July, says minister

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Policy & Regulation

China has been in the process of reducing subsidies on NEVs, and remove them completely at the end of 2020

China is not planning to cut new energy vehicle (NEV) subsidies in July this year and the NEV subsidy scheme will largely remain stable through the year, reported Reuters citing Miao Wei, China’s minister for industry and information technology (MIIT).

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