Shenzhen
Shenzhen offers subsidies of up to $1,370 to encourage purchase of NEVs
By the end of this year, Shenzhen residents can receive a subsidy of up to RMB 10,000 if they purchase NEVs when they scrap their old fuel cars.
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Shenzhen's NEV penetration has reached 57% so far this year
To date, Shenzhen has 740,000 NEVs. The city plans to have that number reach 1.3 million by 2025.
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