Aug 23, 2022 08:17 PM

BUSINESS

Chinese Capital to Subsidize Charging Stations for Hydrogen-Powered Cars

Hydrogen-powered vehicles are being charged. Beijing’s local government has issued a slew of measures to support hydrogen energy development. Photo: VCG

Hydrogen-powered vehicles are being charged. Beijing’s local government has issued a slew of measures to support hydrogen energy development. Photo: VCG

The Beijing municipal government has issued a slew of measures to support hydrogen energy development, including subsidizing power charging stations and related innovative products.

The city plans to offer a subsidy of as much as 5 million yuan ($741,405) for each new hydrogen power charging station that meets certain capacity standards. It has also promised subsidies to facilities that generate and store hydrogen power.

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