This in fact does not come as a surprise. The Ministry of Finance announced on April 23, 2020 that the country’s subsidies for NEVs will be scaled back each year, saying that in principle the subsidies will be reduced by 10 percent, 20 percent and 30 percent from the previous year in each of the years 2020-2022.
The policy for 2020 mentioned that in principle, the annual subsidy scale is capped at 2 million units. However, the latest regulations released today do not mention that number, implying that the quantitative limit has been abandoned.
The latest policy maintains the same requirements for technical indicators including energy density, range and energy consumption of the vehicle’s power battery system, according to the announcement.
It is worth noting that the Ministry of Finance in a separate announcement clarified that the policy will not continue to be implemented starting in 2023.
Many news outlets have reported on the subsidy cut. Only this article raises the 2 million unit cap issue. Has the cap been removed?
For electric cars ordered before 8 November 2022, a maximum of 50,000 kroner (equivalent to around 4,600 euros) will be paid out from 1 January 2023, and up to 10,000 kroner (920 euros) for plug-in hybrids.
Methinks the EV market place & charging infrastructure has reach the stage at which all subsidies should be ended. Let IC, Hybrids, & EV compete on a level playing field. Let the consumer decide who triumphs. EVs still have to solve the time required to charge and a bit more range enhancement in conjunction with lower cost to kill the IC powered vehicle. I expect they will solve those problems. But it will take time.
Of course the global warmist will not like this.
China, India, Brazil, Indonesia & other nations populations & governments do not give a good Gawd Darn about global warming. They want the developed nation’s lifestyle. And if burning coal will make the move toward that goal the fastest path; that will be the path they choose.
And developed nations population keep buying more stuff requiring more energy production largely from fossil fuels.
Now I am all for nations investing to develop cost effective energy production and the conversion to those sources but it will take years if not decades. And people live in the now not the future. If one is really interested in global warming they should be pushing for a reduced population to reduce the pollution emitted.