AutoBeta(AutoBeta.net)03/26 Report--

The Ministry of Finance and other ministries issued a circular on further improving the financial subsidy policy for the promotion and application of new energy vehicles, pointing out that in accordance with such factors as the economies of scale and cost reduction of new energy vehicles, as well as the provisions on the decline and withdrawal of the subsidy policy, we will reduce the subsidy standards for new energy passenger vehicles, new energy buses, and new energy trucks, promote the survival of the fittest in the industry, and prevent market ups and downs.

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