China has penalised a shortage of new energy vehicle ( NEV ) manufacturers as a result of fraudulent subsidy claims made by the firms , according to the country 's finance Minister , Xiao Jie . In response , the country has lowered subsidy amounts , raised market access standards and set upper limits on the value of the incentives . The combined revenue from government subsidies and penalties imposed is $ 333.5 m . incentives evolved in what are now " rectifying their problems " , said the minister in a press conference .
China has penalised a number of new energy vehicle (NEV) manufacturers as a result of fraudulent subsidy claims made by the firms, according to the country's Finance Minister, Xiao Jie. In response, the country has lowered subsidy amounts, raised market access standards and set upper limits on the value of the incentives. The combined revenue from retrieved subsidies and penalties imposed is $333.5m. Companies evolved in cheating are now "rectifying their problems", said the minister in a press conference.