China In Talks With Automakers On EV Subsidy Extension as per the Reuters report - In Detail Check out
24 May 2022
On May 22, China is in talks with automakers about extending costly subsidies for EVs that were set to expire in 2022.
China is in talks with carmakers about the extend costly subsidies for Electric Vehicles
To report, China is planning to push the market progress because the broader financial system slows.
The event comes at a time when the world’s second-largest financial system is witnessing a decline in its automobile gross sales.
Government departments including the Ministry of Information and Industrial Technology (MIIT) are considering a continuation of subsidies to EV buyers in 2023 more...
According to Shi Ji, auto analyst, CMB(China Merchants Bank International), the subsidies market began in 2009 more...
Plug-in electric car sales in China – March 2022 , the total plug-in electric car registrations increased by about 153% year-over-year to over 3.2 million
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