Asia

Under the new policy for 2021, Chinese EV subsidies are extended until 2022 (originally planned to end in 2020), albeit at a lower subsidy rate. The subsidy for pure electric vehicles (PEVs) with a driving range of 300-400km will be lowered to 13,000 yuan ($2,013) per vehicle, a 20% decrease from 2020. The subsidy for PEVs with a driving range of 400km or more will be lowered to 18,000 yuan ($2,787) per vehicle, also a 20% decrease from 2020. The subsidy extension and slowing of rate of reduction are in line with China’s goal to have EVs make up 40% of all car sales by 2030.

Japan

Japan will commit $877M to subsidize construction of battery factories. In addition, the Battery Association for Supply Chain (BASC) was established and includes the largest industry stakeholders in Japan. It seeks to influence policy for its members including Nissan, Honda, Panasonic, and others.

Korea

President Moon Jae-in announced $35B in battery industry investments by 2030. Korea seeks to maintain and expand its presence as a global battery leader and remain competitive against other Asian countries.

India

The government’s new $2.46B plan “National Programme on Advanced Chemistry Cell (ACC) Battery Storage,” is aimed at domestic battery manufacturing.

Indonesia

The Indonesia Battery Corporation (IBC) was formed in March 2021 by four state-owned enterprises to create an end-to-end EV battery supply chain in Indonesia. IBC plans to partner with other companies, most notably China's CATL and South Korea's LG Chem.

Extracted from the PDF; charts and images may read imperfectly.