How are subsidies for new energy vehicles calculated?

[AlexaMarie]

2021 new energy vehicle subsidy standards have been reduced by 20% compared to 2020. Pure electric passenger vehicles with a range below 300 km receive no subsidy, those with a range between 300-400 km (including 300 km) have their subsidy reduced to 13,000 yuan; pure electric passenger vehicles with a range above 400 km (including 400 km) have their subsidy reduced to 18,000 yuan. The new policy also states that the pre-subsidy price of new energy passenger vehicles must be below 300,000 yuan (including 300,000 yuan). To encourage the development of the new "battery swap" business model and accelerate the promotion of new energy vehicles, vehicles adopting the "battery swap mode" are exempt from this regulation.