Thursday, 28 March 2019

Electric car production hit by China subsidy cut

The electric car production industry will be hit hard by a decision by the China government to cut EV subsidies by more than half. As from June the $9,830 subsidy given by central government to the buyer of an electric car will be cut to $4,100. Local government subsidies, which have been up to 50% ...

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from Electronics Weekly https://www.electronicsweekly.com/news/business/electric-car-production-hit-china-subsidy-cut-2019-03/

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