The subsidies for new energy vehicles are slowly being reduced. This industry will carry out the strict choice of survival of the fittest, and the lack of competitive strength will gradually be introduced. According to reports, China will gradually phase out subsidies for new energy vehicles, which will be completed by the end of 2020. According to a person familiar with the matter on January 18, China’s subsidies for new energy vehicles will be further reduced by 2020 until the end of 2020. The move will accelerate the gradual withdrawal of uncompetitive electric vehicle manufacturers from the fast-growing industry of new energy vehicles. Wu Zhixin, deputy director of the China Automotive Technology and Research Center, said: "This plan should have been announced at the end of 2017, but due to disputes, it was postponed for a while." Wu Zhixin also participated in the drafting process of the plan. "The relevant departments including the Ministry of Finance and the Ministry of Industry and Information Technology have reached a consensus and have submitted the final draft for approval. I believe that it will be officially announced soon." Wu Zhixin was interviewed by reporters at the New Energy Vehicle Forum held in Liuzhou, Guangxi. Said. Wu Zhixin did not disclose the specific subsidy amount of the new energy vehicle, but he said that the 2017 subsidy policy will be extended for four months. According to the report of the Economic Observer at the end of last year, new energy vehicles with a range of 100 to 150 kilometers can receive a subsidy of 20,000 yuan, but the subsidy will be cancelled in 2018. Since 2010, the Chinese government has been providing incentives such as financial subsidies to stimulate the spread of new energy vehicles. According to the reporter's news, by 2015, the Chinese government's cumulative subsidy for new energy vehicles has reached 59 billion yuan. The total amount of subsidies in 2016 and 2017 was 83 billion yuan. Wu Zhixin said that the reduction of subsidies will cause uncompetitive small car manufacturers to withdraw from the market faster, but competitive companies will not be affected too much. “Excellent brands themselves have already received considerable discounts from suppliers, and some companies’ products are still popular with customers, even if they increase the price.†Roland Berger Consulting's Shanghai office said that the sales of new energy vehicles in China this year will have a very satisfactory growth rate. “As subsidies are gradually reduced, new energy vehicle manufacturers will gradually increase product prices, but this will not have much impact. Because the main consumers of new energy vehicles are usually from big cities, but in big cities. The license for internal combustion vehicles is very difficult to obtain." According to estimates by the China Association of Automobile Manufacturers, sales of new energy vehicles will increase by 40% in 2018, an increase of 1 million. Last year, a total of 777,000 new energy vehicles were sold nationwide, a year-on-year increase of 53%. Insulated Copper Tube Terminals Insulated Copper Tube Terminals,High quality insulated terminal,copper tube terminal Taixing Longyi Terminals Co.,Ltd. , https://www.longyicopperlugs.com