Depending on the driving range, subsidies given to makers of new-energy vehicles have been cut by 47 per cent to 60 per cent. Photo: Zigor Aldama

Subsidy cuts could sound the death knell for China’s cheap electric carmakers as entry-level vehicles face huge price rises

  • Government subsidy cuts could force affordable electric-vehicle makers to raise prices beyond the reach of most entry-level buyers
  • Electric cars priced below US$8,700 could soon cost over US$14,500, he estimates
Topic |   Electric cars

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Depending on the driving range, subsidies given to makers of new-energy vehicles have been cut by 47 per cent to 60 per cent. Photo: Zigor Aldama
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