China Revises EV Credit Points to Reward Longer-Range Models
- Chinese regulator releases lastest draft of NEV credit system
- Battery electric vehicles with longer range earn more credits
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China tweaked a proposed formula for calculating credits for electric-car makers to reward models with longer ranges, while leaving unchanged some regulations that foreign automakers had objected to.
Under the new formula, a multiplier is applied so that electric cars with longer range receive more credit points while shorter-range models receive less than the previous proposal, according to the latest draft of a credit trading system for new-energy vehicles by the Ministry of Industry and Information Technology. Cars with a range of 350 km (217 miles) or more continue to get the maximum of 5 credit points.