China News Service Client April 23 (Zhang Xu) On the 23rd, the Ministry of Finance and other four ministries and commissions jointly issued the "Notice on Improving the Promotion and Application of Financial Subsidy Policies for New Energy Vehicles. The notice makes it clear that comprehensive technical progress, scale effects and other factors will extend the implementation period of the financial subsidy policy for the promotion and application of new energy vehicles to the end of 2022. To ease the intensity and pace of subsidy retreat, in principle, the subsidy standards for 2020-2022 will be 10%, 20%, and 30% retreat on the basis of the previous year.