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BREAKING
President al-Mashat: Our armed forces, represented by our air defenses, will soon turn the Zionist enemy’s aircraft into a subject of ridicule.
President al-Mashat: Good news about the Zionist enemy’s aircraft used in aggression against our country will reach you soon, God willing.
President al-Mashat: Our armed forces will be able to deal with hostile Zionist aircraft without causing any harm to air or maritime navigation.
President al-Mashat: To ensure the safety of airliners, they must avoid navigating along the routes used by the Zionist entity to carry out aggression against our country.
Yemeni President Mahdi al-Mashat: For the safety of air and maritime navigation in areas where our armed forces operate, we have directed that the routes used by the Zionist enemy to attack our country be designated as dangerous.
Hamas official says despite this, Hamas leadership is currently undertaking a thorough review of the new proposal
Hamas official says the response fails to meet any of the just and legitimate demands of our people
Hamas official says it is clear that the Israeli response fundamentally seeks to entrench the occupation
Reuters citing Hamas official: Group received Israeli response to Witkoff proposal
Sources to Al Mayadeen: The news regarding a press conference tonight by the head of the Hamas movement in the Gaza Strip, Khalil Al-Hayya, is false.

China will reduce new energy vehicle subsidies by 30% in 2022

  • By Al Mayadeen Net
  • Source: Agencies
  • 1 Jan 2022 20:16
2 Min Read

The Chinese Ministry of Finance had announced that NEV subsidies would be reduced by 10%, 20%, and 30% from 2020 to 2022 respectively.

  • x
  • Wuling Hong Guang Chinese MINI Electric Vehicle
    Wuling Hong Guang Chinese MINI Electric Vehicle

In 2022, China will reduce subsidies for new energy vehicles (NEVs), such as electric automobiles, by 30% and eliminate them entirely by the end of the year, according to the Finance Ministry's website, cited by Reuters.

In April 2020, the ministry said that NEV subsidies would be reduced by 10%, 20%, and 30%, respectively, from 2020 to 2022. Subsidies for NEVs for public transportation would be reduced by 10% in 2021 and 20% in 2022.

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By 2025, China, which holds the world's largest auto market, wants NEVs, such as plug-in hybrids and hydrogen fuel cell vehicles, to account for 20% of all vehicle sales.

Volkswagen AG, General Motors Co, Toyota Motor Corp., and Tesla Inc are among the global automakers increasing electric vehicle manufacturing in China.

On Friday, NIO announced that owners of its ES8, ES6, and EC6 vehicles who placed a deposit on or before Dec. 31, 2021, and who take delivery before March 31, 2022, can still take advantage of the 2021 plan's incentives. According to the Shanghai-based corporation, any shortfall under the 2022 strategy will be borne by it.

China said it will also tighten oversight of NEV safety issues to prevent mishaps, according to the ministry. In December, a trade association, the China Association of Automobile Manufacturers, predicted that sales of NEVs in China will increase by 47 percent to 5 million by 2021.

  • EV
  • economy
  • electric cars
  • China

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