Notice on improving the promotion and application of new energy vehicle promotion and application fiscal subsidy policies [2020] No. 86

Laws and Policies

CCLW

CCLW national policies

Press Release: New Development Plan for NEVs Unveiled

Attachment: 2020 new energy vehicle promotion subsidy plan and product technical requirements

New Energy Vehicle Industry Development Plan (2021-2035)

New Energy Vehicle Industry Development Plan (2012-2020)

Date released

<p>The New Energy Vehicle Industry Development Plan aims at supporting the development of electric , plug-in hybrid electric and fuel cell vehicles in the country over the period 2021-2035. The 2020 New Energy Vehicle Promotion Subsidy Plan sets governmental support for the years 2020 to 2022 to accelerate the electrification of vehicles in the fields of public transport, urban public transport, road passenger transport, rental (including online car-hailing), environmental sanitation, urban logistics and distribution, postal express, civil aviation, airport, and party and government organs that meet the requirements of the public sector.</p>

New Energy Vehicle Industry Development Plan and 2020 New Energy Vehicle Promotion Subsidy Plan

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An aim to achieve a quantifiable outcome within a given time-frame, set by an institution such as a national government.

Policy instruments are techniques or tools used by governing authorities to promote certain policies in order to achieve predetermined goals. Put simply, instruments are how a government tries to achieve its goals, with this taxonomy being focused on national policy instruments.

Risk is the potential for adverse consequences resulting from the dynamic interplay between (climate-related) hazards, exposure, and vulnerability of affected human or ecological systems.

Groups  of people who are adversely affected by climate change or the response to it

A set of principles, processes, and practices that build economic and political power to shift from an extractive economy to a regenerative economy.

Renewable energy means all forms of energy produced from renewable sources in a sustainable manner.

Fossil fuel is a generic term for non-renewable energy sources such as coal, fossil gas, and oil (including crude oil, and petroleum products), that can be used for electricity and heat generation. Fossil fuels are hydrocarbons formed from pressurised and heated organic material buried over millions of years.

Molecules in the atmosphere that play a key role in the greenhouse effect by trapping heat radiating from Earth’s surface.

Area of the economy in which actors engage in identical or related activities.

In human systems, the process of adjustment to actual or expected climate change and its effects, in order to moderate harm, increase resilience or exploit beneficial opportunities. In natural systems, the process of adjustment to actual climate change and its effects; human intervention may facilitate adjustment to expected climate change and its effects.

The management and allocation of funds, assets and investments to meet various objectives

A subsidy is a direct or indirect payment to individuals or businesses, typically provided as a government cash payment or a specific tax reduction.

Either money or something of monetary value is transferred between two or more organisations, people or countries.

Activities that involve planning, designing and building infrastructure, residential, and commercial structures.

This sector includes firms and individuals offering specialised expertise in fields such as law, accounting, consulting, science and engineering.

This sector involves the distribution, treatment, and conservation of water resources.

Direct investments by the governments using public funds. This can be to support climate initiatives or integrate climate into other projects.

This sector provides communication services, software development, and IT solutions.

Activities of businesses and institutions that provide financial services and products to individuals and organisations.

The activities of industries that transforms raw materials into finished goods through industrial processes.

Actions to adapt human health, healthcare systems and well-being to climate change.

Actions or measures to adapt freshwater, coastal and marine systems to climate change.

Oil is a combustible liquid fossil fuel composed mainly of hydrocarbons, occurring as crude oil and refined into petroleum products such as petrol, diesel and kerosene.

Actions or measures to adapt freshwater systems to climate change.

This sector involves managing waste treatment, sanitation, pollution control and environmental cleanup.

This sector involves activities to move goods and people, alongside the storage of products.

Notice on improving the promotion and application of new energy vehicle promotion and application fiscal subsidy policies [2020] No. 86

Target

Policy instrument

Fossil fuel

Economic sector

Adaptation/resilience

Finance