China to further boost NEV industry

China will step up efforts to support the development of the new energy vehicle (NEV) industry affected by the COVID-19 epidemic, a minister said on May 25.

The government has decided to extend subsidies and tax exemptions for NEV purchases by another two years to restore NEV production and sales, Minister of Industry and Information Technology Miao Wei said on the sidelines of the annual national legislative session.

"NEV production capacity in April had basically reached the level of the same period last year," Miao said, adding the ministry is confident in the future development of the industry.

Restrictions on NEV contract manufacturing will be lifted in an orderly manner, while wider use of NEVs in public services will be encouraged, Miao said.

The ministry will also step up the construction of charging facilities and enhance their interconnectivity, Miao said.