Ministry of Finance Amends the Interim Measures for the Management of Energy Conservation and Emission Reduction Subsidy Funds

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The Ministry of Finance issued a notice to amend the “Interim Measures for the Management of Energy Conservation and Emission Reduction Subsidy Funds.” The main amendments include: changing the implementation period in Article 2 from “until 2025” to “until 2030”; revising Article 3 to specify the key support areas for energy conservation and emission reduction subsidy funds, including subsidies for new energy vehicle promotion and application settlement, pilot projects for filling gaps in county-level charging and swapping facilities, subsidies for demonstration applications of fuel cell vehicles, and hydrogen energy comprehensive application pilots; deleting the content in Article 9 regarding relevant departments should expedite settlement procedures; changing Article 11 to Article 10, clarifying that if financial departments at all levels, relevant industry authorities, and their staff engage in illegal or violations in fund allocation, issuance, and management, they will be held accountable according to law; changing Article 13 to Article 12, stipulating that this measure shall come into force from the date of issuance, and previous related notices are repealed. (Ministry of Finance)

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