Policymakers have been discussing the possibility of extending subsidies for electric cars after China’s first annual decline in sales of new energy vehicles. Photo: Reuters
Policymakers have been discussing the possibility of extending subsidies for electric cars after China’s first annual decline in sales of new energy vehicles. Photo: Reuters

China said to consider extending electric car subsidies after sales slump

  • Talks to extend the handouts predate the emergence of the coronavirus outbreak as a global threat
  • China introduced EV subsidies a decade ago and these played a key role in turning the country into the top market globally

Policymakers have been discussing the possibility of extending subsidies for electric cars after China’s first annual decline in sales of new energy vehicles. Photo: Reuters
Policymakers have been discussing the possibility of extending subsidies for electric cars after China’s first annual decline in sales of new energy vehicles. Photo: Reuters
READ FULL ARTICLE