Mar 16, 2018,
... China made known its intention to phase out subsidies paid to buyers of NEVs by 2021. Currently, China’s central and local governments pay subsidies of up to $10,000 toward the purchase of an NEV, depending on the range of the vehicle. The government’s generous subsidy policy has been one of the reasons why China leads the world in the production and sale of NEVs...
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Balancing cost with need
While China wants cleaner air and has aggressive targets for NEV adoption, paying subsidies is an expensive way for the government to achieve its objectives. Although battery costs have declined in recent years, they are still significantly higher than the cost of an ICE. Therefore, in order to encourage individuals to buy NEVs, either the government has to subsidize their purchases, or automakers have to make NEVs available at a price that is competitive with an ICE vehicle, never mind the losses the automakers might incur in doing so...
https://www.forbes.com/sites/jackpe...nse-to-chinas-changing-ev-rules/#62842c3c38ca
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Mar 16, 2018, ... China made known its intention to phase out...
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