The Ministry of Finance in China recently announced the allocation of funds for the 2025 Energy Conservation and Emission Reduction Subsidy Budget. The funds, exceeding 13.5 billion yuan, are designated for various purposes including settling NEV promotion and application subsidies for previous years, advancing NEV promotion subsidies for 2022, rewarding fuel cell vehicle demonstration applications, and improving charging and battery swapping facilities at the county level. Notably, the fuel cell vehicle demonstration applications received 2.3428 billion yuan as third-year reward funds, highlighting the government's support for this key area. The regions benefiting from these funds span across 10 cities in China including Beijing, Tianjin, Hebei, Inner Mongolia, and others. This substantial investment underscores China's commitment to sustainable transportation and energy-efficient practices. The move aligns with the country's goals of reducing emissions and promoting clean energy technologies, showcasing a positive step towards environmental conservation and technological advancement.