Wuhan's Investments in Hydrogen Energy Industry: Fiscal Support and Policy Standards
Key Ideas
- Wuhan Municipal Bureau initiates the application process for the first batch of 2025 fiscal funds to support the hydrogen energy industry, requiring applicants to meet specific criteria related to hydrogen energy enterprises in Wuhan.
- The policy embraces a 'post-event rewards and subsidies' principle, incentivizing enterprises engaged in various aspects of the hydrogen industry like production of core parts, vehicle manufacturing, refueling stations' construction, and usage of hydrogen fuel cell vehicles.
- Specific subsidy standards are outlined for different categories, including a subsidy of 14 yuan/kg for hydrogen refueling stations with specific capacities and selling price criteria, along with reward funds for hydrogen fuel cell vehicles based on registered vehicles and driving mileage.
- The policy period for enjoying rewards and subsidies spans from January 1, 2024, to December 31, 2024, encouraging continuous involvement in the hydrogen energy sector in Wuhan.
The Wuhan Municipal Bureau of Economy and Information Technology recently issued a notice initiating the application process for the first batch of financial support funds for the hydrogen energy industry in 2025. The applicants must be hydrogen energy enterprises registered in Wuhan and connected to the city's Hydrogen Fuel Cell Vehicle Traceability Management Service Platform. The policy emphasizes rewarding and subsidizing enterprises engaged in the production and sales of core parts for hydrogen fuel cells, R&D and production of complete vehicles, construction and operation of hydrogen refueling stations, and application of hydrogen fuel cell vehicles like ships and forklifts. Specific subsidy standards are provided, such as a subsidy for hydrogen refueling stations meeting capacity and pricing criteria. Rewards for hydrogen fuel cell vehicles are also detailed, encouraging the use of pure hydrogen-driven vehicles through milestone-based funding application processes. The policy period for enjoying rewards and subsidies extends throughout 2024, aiming to stimulate continuous development and innovation in the hydrogen energy sector in Wuhan.