On April 22, the Department of Industry and Information Technology of Inner Mongolia Autonomous Region and the Department of Finance of Inner Mongolia Autonomous Region jointly issued the 《Administrative Measures for Special Funds for the Promotion and Application of New Energy Vehicles in Inner Mongolia Autonomous Region》. It is proposed that the purchase subsidy for new energy vehicles shall be granted at a ratio of 1:0.5 to the national subsidy standard in the same period. The autonomous region's subsidy portion shall be borne equally by the autonomous region's finance and the prefecture - city finance, and the total financial subsidies from the state, autonomous region, and prefecture - city levels shall not exceed 60% of the vehicle's sales price. View Details >