FCEVs subsidy 2019-2020

The Ministry of Industry and Information Technology (MIIT) released audited financial reports for new energy vehicle subsidies covering 2019–2020. Twelve automotive companies applied for national subsidies for fuel cell vehicles (FCVs), involving 1,140 vehicles, of which 1,029 were approved—a high approval rate. The total subsidy disbursed was ¥438.24 million, averaging ¥425,900 per approved FCV. The report includes both budgeting and final subsidy outcomes.

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