China China revises new energy vehicle credit scheme

Lowering credit values of regular NEVs by about 40% on average

China revises new energy vehicle credit scheme

On June 29, 2023, China’s Ministry of Industry and Information Technology, Ministry of Finance, Ministry of Commerce, General Administration of Customs, and State Administration for Market Regulation jointly announced a revision of the Measures on the Parallel Management of Passenger Vehicle Average Corporate Fuel Consumption and New-energy Vehicle Credits1.

This revision lowers the credit values of regular new-energy passenger vehicles by about 40%, and creates a new-energy vehicle credit pooling system.

Author / Responsibility

LIU Yake

Researcher, Research & Consulting Dept. EnviX Ltd.

Business Performance

worked as a research assistant at Department of Environmental Planning and Management, School of Environment, Tsinghua University for 4 years, and then joint in Envix in April, 2022, currently is mainly responsible for consulting on EHS regulation compliance in East Asia.


MA, Environmental Econimics, Hiroshima University