China’s automotive market continues to gain momentum, while the effects of the old-for-new subsidy continue to materialize.

The price war in the domestic car market intensified on the first day after the Spring Festival holiday, with both American ...

NEW DELHI: Tax breaks on electric vehicles (EVs) and subsidies for renewable energy can encourage a shift toward low-carbon lifestyles, the Economic Survey 2024-25 stated on Friday. “There are ...

China has announced it will cut subsidies ... energy vehicles such as electric cars by 30%, beginning January this year. A release from the Ministry of Finance said that the subsidies policy ...

The policies aim to boost key sectors by providing subsidies for purchasing new digital products, home appliances, and vehicles. Why it matters: This announcement reflects China’s efforts to stimulate ...

The Chinese government has supported the new energy vehicle industry with subsidies and favourable policies for over a decade. Recent policies include trade-in incentives and support for new ...

Local buyers who trade in old vehicles and buy new ones throughout this year will be given a one-time subsidy of as much as RMB 20,000. Beijing said last April that it would offer buyers of additional ...

The Biden administration’s decision to expand subsidies ... This policy decision places in stark relief the need for greater scrutiny of what exactly constitutes “clean energy” in the ...