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    China to cut new energy vehicle subsidies by 30% in 2022

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    China to cut new energy vehicle subsidies by 30% in 2022: China will cut its subsidies on new energy vehicles (NEV), such as electric cars, by 30% next year, the Finance Ministry said on Friday.

    In a notice published on its website, the Ministry said the 2022 NEV subsidies policy will terminate on December 31, 2022, and NEV will not be subsidised afterwards.

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