China slashed government subsidies on long range electric vehicles by up to 60 per cent in June. Photo: Bloomberg
China’s electric vehicle showrooms are sending an ominous signal about the sales outlook this year
- Fewer buyers at electric car dealerships last month following government decision to roll back subsidies in late June
- Government-backed industry consortium revised forecast for new energy vehicle sales this year to 1.5 million units, slashing earlier forecast by 100,000 units
Topic |
Electric cars
China slashed government subsidies on long range electric vehicles by up to 60 per cent in June. Photo: Bloomberg