Jiangxi Province’s Financial Department has announced plans to allocate funds for the promotion of new energy vehicles by 2025. This initiative is part of their ongoing efforts to enhance energy efficiency and support the development of the new energy vehicle sector.
According to the 2025 Financial Construction Plan, the proposed funding aims to strengthen the promotion of new energy vehicles in Jiangxi. The allocation is based on estimates outlined in the First Notification, which is a follow-up to the 2025 Energy Efficiency Promotion Funding Scheme (Document No. 77).
As per the recent announcement made on May 8, 2025, the key financial allocations are as follows:
- The total funding amount for this initiative is estimated to be 33,864 million yuan. This includes:
- 31,028 million yuan for subsidies aimed at promoting new energy vehicle applications.
- 2,836 million yuan designated for incentives related to electric vehicle demonstrations in the third year.
- The funding will be allocated based on the calculated needs of each city and county within Jiangxi to ensure effective resource distribution.
Moreover, the Jiangxi Province Financial Department has indicated that the funding structure will encompass several key guidelines, including:
- Strengthening financial management to ensure the effective use of funds.
- Enhancing the accuracy of funding allocation based on real-time data and performance metrics.
- Implementing strict oversight to guarantee that funds are utilized efficiently and effectively.
In addition, the funding will support the implementation of measures to promote electric vehicles, with a focus on vehicle production and infrastructure development.
For more detailed information regarding the financial allocations and guidelines, you can refer to the following documents:
- 2025 Energy Efficiency Promotion Funding Scheme Summary
- 2022 New Energy Vehicle Promotion Funding Overview
- 2025 New Energy Vehicle Promotion Guidelines
This funding initiative is a significant step towards advancing new energy vehicles in Jiangxi Province, aligning with national goals for energy efficiency and sustainability.
Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/taiwans-financial-policy-on-energy-subsidies-for-new-energy-vehicles-by-2025/
