Visitors check Tesla’s booth at the 4th China International Import Expo in Shanghai, on November 5, 2021. Photo: Xinhua
Visitors check Tesla’s booth at the 4th China International Import Expo in Shanghai, on November 5, 2021. Photo: Xinhua

China’s ‘dual-credit’ policy that spurred the EV sector will be revised in bid to ensure high quality growth

  • The Ministry of Industry and Information Technology is revising annual credit ratio requirements and will explore the setting up of a flexible mechanism
  • The dual-credit policy was implemented in 2018, under which carmakers that fail to meet the fuel consumption targets of their vehicles are penalised

Topic |   Electric cars
Visitors check Tesla’s booth at the 4th China International Import Expo in Shanghai, on November 5, 2021. Photo: Xinhua
Visitors check Tesla’s booth at the 4th China International Import Expo in Shanghai, on November 5, 2021. Photo: Xinhua
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