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September 09, 2016
Abstract : China is to gradually replace cash subsidies for new energy vehicles (NEVs) with more marketized ways.
BEIJING -- China is to gradually replace cash subsidies for new energy vehicles (NEVs) with more marketized ways.
Related departments hope to force NEV enterprises to accelerate innovation and improve market competitiveness via raising threshold for obtaining subsidies, disclosed officials and experts from the National Development and Reform Commission (NDRC), Ministry of Industry and Information Technology (MIIT) and Ministry of Finance (MOF).
Keyword: NEVs
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