What is a new energy vehicle policy?

Policies covering the sales stage placed maximum emphasis on new energy vehicle subsidies while focusing on the demonstration role of public institution procurement. In the use stage, the most important topic was the construction of charging infrastructure and the environment of new energy vehicles.

What is the overall battery policy?

The overall battery policy can be described as supply side, but includes some demand-side elements regarding the end of the value chain (with respect to Electric Vehicle purchasing).

How will a lack of policies affect the NEV battery industry?

As a core component of NEVs, the battery itself is market-driven by policies, and the lack of continuity in supporting policies will leave the NEV battery industry without supporting policies in the long run, which may slow down the development of the whole industry.

Why do we need a new battery subsidy policy?

In addition to annually reducing the amount of subsidy for public and private purchases, these policy adjustments also imposed more stringent technical requirements (e.g., energy density, driving range, etc.) for receiving subsidies in order to promote the development of core battery technologies by the domestic firms (policy aims at low-levels).

What does the EU's energy policy mean for batteries?

In 2018, as part of the EU’s industrial policy, the Commission designated batteries as a strategic imperative for the EU’s clean energy transition, and launched an action plan aimed at making Europe a global leader in sustainable battery production and use.

What is a battery recycling policy?

The aim is to avoid batteries containing hazardous substances, to achieve high recycling rates and set provisions on labelling for the removability of batteries. It has a major impact on all stages of the value chain and in particular on distributors, end-users and operators .