context: State policies have led to rapid NEV industry development but also low-end overcapacity and subsidy-abuse. The state remains committed to the sector's consolidation, as 2019 NEV subsidy standards show. Its focus thus far has been electric vehicles, but there are signs that it is shifting support to include a broader range of technologies, such as methanol- and hydrogen-powered vehicles.
Ministry of Industry and Information Technology (MIIT) is working on a mid- to long-term new energy vehicle (NEV) industry plan for the 2021-35 period, says Xin Guobin 辛国斌 MIIT deputy minister. New challenges raise the need for fostering healthy development of the NEV industry into 2035, says Xi, noting the plan will include
- commitments to
- the NEV industry and its consolidation
- safety by clarifying industry stakeholders' respective responsibilities and developing safety regulations covering the whole life cycle
- market-oriented growth driven by innovation in core technologies and business models
- talent development, including domestic training and foreign talent attraction
Xin made the comments during his tour to Foshan and Yunfu, two Guangdong municipalities developing hydrogen vehicles. Xin called upon the hydrogen vehicle industry to
- cultivate core technologies
- reduce costs and increase efficiency
- develop
- technical standards
- fuel supply chains