Last year, China sold 777,000 EVs, up 53 per cent from 2016 and is on track to hit the 1 million mark in 2018. (Above) a Baojun E100 electric vehicle stands plugged in to a charging station outside a SAIC-GM-Wuling Automobile customer experience centre, in Liuzhou, Guangxi province. Photo: BloombergLast year, China sold 777,000 EVs, up 53 per cent from 2016 and is on track to hit the 1 million mark in 2018. (Above) a Baojun E100 electric vehicle stands plugged in to a charging station outside a SAIC-GM-Wuling Automobile customer experience centre, in Liuzhou, Guangxi province. Photo: Bloomberg
Last year, China sold 777,000 EVs, up 53 per cent from 2016 and is on track to hit the 1 million mark in 2018. (Above) a Baojun E100 electric vehicle stands plugged in to a charging station outside a SAIC-GM-Wuling Automobile customer experience centre, in Liuzhou, Guangxi province. Photo: Bloomberg
Business /  Companies

Can China’s electric car market keep growing if Beijing pulls the plug on subsidies?

The government’s hand-holding is beginning to taper off, with subsidies set to end by 2020. It also plans to penalise carmakers that do not produce NEVs from next year

Topic |   Electric cars
SCMP Reporters
SCMP Reporters

Updated: 8:22pm, 3 Jul, 2018

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Last year, China sold 777,000 EVs, up 53 per cent from 2016 and is on track to hit the 1 million mark in 2018. (Above) a Baojun E100 electric vehicle stands plugged in to a charging station outside a SAIC-GM-Wuling Automobile customer experience centre, in Liuzhou, Guangxi province. Photo: BloombergLast year, China sold 777,000 EVs, up 53 per cent from 2016 and is on track to hit the 1 million mark in 2018. (Above) a Baojun E100 electric vehicle stands plugged in to a charging station outside a SAIC-GM-Wuling Automobile customer experience centre, in Liuzhou, Guangxi province. Photo: Bloomberg
Last year, China sold 777,000 EVs, up 53 per cent from 2016 and is on track to hit the 1 million mark in 2018. (Above) a Baojun E100 electric vehicle stands plugged in to a charging station outside a SAIC-GM-Wuling Automobile customer experience centre, in Liuzhou, Guangxi province. Photo: Bloomberg
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