On December 10, the ministry of industry and information technology released the announcement on the review of the advance allocation of subsidies for promoting the application of new energy vehicles in 2018. According to the document, subsidies for new energy vehicles in China are expected to reach 13.778 billion yuan in 2018.

On December 10, the ministry of industry and information technology released the announcement on the review of the advance allocation of subsidies for promoting the application of new energy vehicles in 2018. According to the document, subsidies for new energy vehicles in China are expected to reach 13.778 billion yuan in 2018. According to the review information form of 2018 promotion and application of new energy vehicles, byd received the most subsidies, amounting to 3.632 billion yuan. Second is chery, which is expected to receive 1.342 billion yuan in subsidies. Saic ranked third with an estimated 1.138 billion yuan; Jac and baic rank fourth and fifth, respectively, with an estimated subsidy of 964 million yuan and 879 million yuan.

          As early as November 29, the ministry of industry and information technology (miit) launched a preliminary review of subsidies for the promotion and application of new energy vehicles in 2018. According to the publication of the preliminary examination results of subsidies for promotion and application of new energy vehicles in 2018, the number of applications for promotion of new energy vehicles in China in 2018 was 574,445, among which 541,377 were approved by the expert group, and 33,068 failed to pass the examination.

It is reported that the reasons for the reduction include: the mileage approved by the national regulatory platform does not meet 20,000 kilometers; Model recommendation catalog batches are inconsistent; Vehicles are not connected to the national regulatory platform; The energy density of the battery system is inconsistent with the recommended list parameters. The invoice information of key parts is inconsistent with the recommended catalogue; The information provided does not meet the declaration requirements; Motor parameters are not consistent with the recommended catalog parameters; Battery box model and recommended directory parameters are not consistent, etc.

        With the outbreak of the "subsidy fraud" case of new energy vehicles in 2016, China's subsidies for new energy vehicles have become increasingly stringent and gradually declined. To prevent cheating, the subsidy policy for new energy vehicles has already been to increase the operating mileage assessment, and the accumulative mileage of new energy vehicles purchased by non-individual users must reach 20,000 kilometers before they can get subsidies. In November 2016, the national new energy vehicle platform was set up, requiring automobile companies to establish a platform for monitoring the operation safety status of new energy vehicle products, monitoring the operation status of all products sold, and docking with the national new energy vehicle regulatory platform.

Under the influence of subsidies, China's new energy vehicle market once showed explosive growth. Within a few years, China surpassed the United States to become the world's largest producer and consumer of new energy vehicles. However, faced with the complete withdrawal of subsidies in 2020, new energy vehicles will face more market-oriented competition.