What Are the Subsidy Policies for Hybrid Electric Vehicles?

[SanElliot]

According to the 2021 New Energy Vehicle Subsidy Notice issued by the Ministry of Finance: Plug-in hybrid vehicles with a pure electric range of less than 50 kilometers are not eligible for subsidies, while those with a range exceeding 50 kilometers receive a subsidy of 6,800 yuan. Below is additional information about hybrid electric vehicles: 1. Overview: A hybrid system refers to a setup where, when the vehicle does not require high power from the engine, part of the engine's power is used to generate electricity and stored in the battery. Additionally, the kinetic energy reduced during vehicle deceleration and braking is converted into electrical energy and stored in the battery. This is the source of "electricity" in the hybrid dual-power technology. 2. Advantages: Generally, for vehicles of the same displacement and model, the hybrid version can save up to 30% in fuel consumption.