On the eve of the Spring Festival, the four ministries and commissions issued the New Deal for the Financing of New Energy Vehicles in 2018 -- "Notice on Adjusting and Improving the Financial Subsidy Policy for the Promotion and Application of New Energy Vehicles"The Circular includes a wealth of information, such as adjustments to the new energy passenger car subsidy scheme, incentives for increased mileage, adjustment of subsidies based on battery energy density and vehicle energy consumption, and the removal of local catalogues to break local protection.