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China currently offers subsidies in three tiers to full-electric passenger cars: 20,000 yuan to those driving further than 100 km but less than 150 km; 36,000 yuan to those with a range between 150 km and 250 km; and 44,000 yuan to those capable of driving farther than 250 km.

China has been making a push to develop the hydrogen industry in a bid to make the automobile industry cleaner and more efficient. The government included the development of hydrogen stations for new energy vehicles, for the first time, in the government work report.

China has financed development of mega infrastructure projects like roads, ports and railways to enhance connectivity with its foreign trading partners under this initiative.

China has established 18 free trade zones across the country to experiment with new regulations and explore ways to improve the business environment that would later be replicated nationwide.

China has built the world's largest public charging network for electric cars.