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Estimates health benefits and technology upgrade costs of the proposed standard and implementation timetable focusing mainly on nationwide impacts, but also separately analyzes China’s three key regions: the so-called Jing-Jin-Ji region, the Yangtze River delta region, and Guangdong province.
Details subsidies for manufacturers rather than end users and features the phase down of a national subsidy, tightened vehicle qualification requirements, improved incentive design, and robust anti-fraud and enforcement measures.
The proposal would essentially add a new NEV credit program to the existing corporate average fuel consumption regulation for passenger cars overseen by MIIT.