Posted inChina

China to phase out local e-car subsidies as early as next year: sources

Chinese authorities will completely phase out local government subsidies for domestic electric car producers as early as next year, Chinese business news outlet Caixin reports, citing sources close to policy makers. The decision to scale back local government expenditures will not effect subsidies provided by the central government. Subsidies are based on vehicle performance, with […]

%d bloggers like this: