Press "Enter" to skip to content

Beijing city becomes first local government to remove subsidies for electric vehicles


The city of Beijing has cut off the city's subsidies for some electric vehicles, becoming the first local government to make the move, as part of a national push to scale back government handouts for new-energy carmakers.

Makers of pure electric-battery vehicles will no longer receive subsidies from the municipal government but will still be eligible for central government subsidies, the local government said in a statement on Wednesday.

Subsidies for battery-powered electric buses, vehicles for . . .

To continue reading, please subscribe. You will get

  • Original and in-depth reporting with details, data and perspectives you don't read elsewhere
  • THE WIRE - a real-time financial news platform focused on China
  • Daily Brief newsletter to get you prepared for every trading day
  • An indispensable and reliable source of information on China's economy and financial markets

FREE TRIAL cancel anytime


We highly value independence. We are solely funded by subscriptions from thousands of readers like you. Not ready for our full service? Try Free Weekly Newsletter first.


Already have an account? Sign In