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BUSINESS & TECH

Quick Take: Shenzhen Charges On With Electric-Vehicle Subsidies

Photo: Visual China
Photo: Visual China

Shenzhen has doubled down on subsidizing electric-vehicle charging poles, as the city gears up for an expected surge in electric-car adoption.

The southern tech hub on Tuesday announced a 100% increase in government grants for charging-pole operators — part of guidelines that stipulate how the city plans to further support clean-energy transportation.

Charging-station operators can receive 300 yuan ($44.40) or 600 yuan in government subsidies for every kilowatt (kW) of power capacity they build, depending on the type of chargers they use, up from last year’s subsidies of 150 and 300 yuan respectively.

Companies who run stations with a total charging capacity over 8,000 kW are eligible to apply for the funds.

Contact reporter April Ma (fangjingma@caixin.com)

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