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

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China slashed government subsidies on long range electric vehicles by up to 60 per cent in June. Photo: Bloomberg
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