Ministry of Finance Issued a Notice on the Subsidy Policy for Promoting New Energy Vehicles in 2022

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Ministry of Finance Issued a Notice on the Subsidy Policy for Promoting New Energy Vehicles in 2022,
New Energy,

▍Compulsory Registration Scheme (CRS)

Ministry of Electronics & Information Technology released Electronics & Information Technology Goods-Requirement for Compulsory Registration Order I-Notified on 7th September, 2012, and it came into effect on 3rd October, 2013. Electronics &Information Technology Goods Requirement for Compulsory Registration, what is usually called BIS certification, is actually called CRS registration/certification. All electronic products in the compulsory registration product catalog imported to India or sold in the Indian market must be registered in the Bureau of Indian Standards (BIS). In November 2014, 15 kinds of compulsory registered products were added. New categories include: mobile phones, batteries, power banks, power supplies, LED lights and sales terminals, etc.

▍BIS Battery Test Standard

Nickel system cell/battery: IS 16046 (Part 1): 2018/ IEC62133-1: 2017

Lithium system cell/battery: IS 16046 (Part 2): 2018/ IEC62133-2: 2017

Coin cell/battery is included in CRS.

▍Why MCM?

● We have been focused on Indian certification for more than 5 years and helped client obtain the world’s first battery BIS letter. And we have practical experiences and solid resource accumulation in BIS certification field.

● Former senior officers of Bureau of Indian Standards (BIS) are employed as certification consultant, to ensure case efficiency and remove the risk of registration number cancellation.

● Equipped with strong comprehensive problem solving skills in certification, we integrate indigenous resources in India. MCM keeps good communication with BIS authorities to provide clients with the most cutting-edge, most professional and most authoritative certification information and service.

● We serve leading companies in various industries and earn a good reputation in the field, which make us deeply trusted and supported by clients.

In accordance with the decisions and arrangements of the Party Central Committee and the State Council, since 2009, the Ministry of Finance and relevant departments have vigorously supported the development of the new energy vehicle industry. With the joint efforts of all parties, our country’s new energy vehicle technology level has been continuously improved, product performance has been significantly improved, and the production and sales scale has ranked the first in the world for six years.
April, 2020, the four ministries (the Ministry of Finance, the Ministry of Industry and Information Technology, the Ministry of Science and Technology, and the National Development and Reform Commission) jointly issued the notice of improving the policies on Government Subsidies for Promotion and Application of New Energy Vehicles (Finance and Construction [2020] No. 86). “In principle, the subsidies for 2020-2022 shall be cut by 10%, 20% and 30%, eligible vehicles for public transportation. The official business of Party and government bodies shall not be reduced in 2020, but the reduced in 2021-2022 by 10% and 20% respectively from a year earlier. In principle, the subsidized vehicles shall be capped at roughly 2 million units per year. “In 2021, facing the adverse effects as the spread of the global epidemic and the shortage of chips, new energy vehicle industry still achieve substantial growth, and the industry is developing in a good trend. In 2022, the subsidy policy will continue to decline in an orderly manner according to the established arrangements, which create a stable policy environment. The four ministries recently issued the Notice, clarifying the relevant requirements of the financial subsidy policy.


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