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Minister: Govt will not tolerate 'subsidy cheating' by new energy vehicles

By LI XIANG | chinadaily.com.cn | Updated: 2017-03-05 09:07

China has zero tolerance for "subsidy cheating" by some new energy vehicle makers and the country will introduce new policies as the subsidies will be phased out by 2020, Minister of Industry and Information Technology Miao Wei said on Sunday.

Miao said the government will improve the existing policies and strengthen the regulation on subsidies offered to carmakers.

The minister made the comments before the opening of the annual meeting of the National People's Congress, the country's top legislature.

Miao said the government is also studying alternative policies as the government will end the subsidy policy in 2020.

"We are planning to set up a new trading system based on the energy consumption of the traditional and the new energy vehicles," Miao said, adding the ministry is soliciting public opinions on its website.

 

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