This policy provides the annual guidance for electric vehicle purchase subsidies, which are aimed at encouraging EV adoption. These guidelines set specific subsidy amounts for each vehicle model and are determined by a range of factors including battery efficiency, ease of recycling, operations and maintenance availability, and vehicle cost. The 2024 guidelines promote the following objectives: adoption of safe and efficient electric vehicles, use of longer-range vehicles, better technology innovation, manufacturer support for vehicle maintenance, and EV adoption in disadvantaged communities.