NEV audit shows stricter review of subsidy applications necessary

THERE SHOULD BE A STRICT REVIEW OF applications before the issuing of government new energy vehicle subsidies in order to prevent fraud. Nanfang Metropolis Daily comments:

The Ministry of Industry and Information Technology released the results of an audit of new energy vehicle subsidies in 2017, which shows that among the 24.41 billion yuan ($3.45 billion) handed out as subsidies in 2017, 118 million yuan was given to Jinhua Youth Automobile, whose actual controller is Pang Qingnian, who claimed to have invented a car that could run on water.

There was much public skepticism when Pang first announced his water-fueled car. But the Ministry of Industry and Information Technology quelled it by stating that as the vehicles were not available for production and sales, they were not eligible for subsidies. The release of the audit results has renewed the public's suspicions that Pang is defrauding the government.