China's growth in demand for EVs likely to offset 30% cut to buyer subsidies

China’s growing appetite for electric vehicles (EVs) is likely to offset any negative impact arising from the 30% cut to buyer subsidies announced by the government on the last day of 2021, sources told Fastmarkets on Tuesday January 4.

China's Finance Ministry - along with the Ministry of Industry & Information Technology, Ministry of Science & Technology and the National Development & Reform Commission - announced the country's EV...

Published

Carrie Shi

Zihao Li

January 04, 2022

13:06 GMT

Beijing, Shanghai