10 January 2019
The Shenzhen Finance Bureau and Development and Reform Commission of Shenzhen Municipality has jointly issued a notice on financial support policy for the promotion and application of alternative fuel vehicles in Shenzhen in 2018 on 10 January 2019. In order to further accelerate the promotion and application of alternative fuel vehicles in Shenzhen, a financial support policy for vehicle purchase, charging facility construction and power battery recycling subsidies is being developed. The notice specifies the requirements for the above equipment and its manufacturer, the conditions related to subsidy standards, and basic requirements for application and approval. It also includes procedures for the approval and disbursement of the subsidies together with safeguards.