More information on the trade in incentives for older cars:
"The policy is expected to generate incremental sales of 400,000 to 800,000 units of new energy passenger cars and 600,000 to 1.2 million units of fuel passenger cars, according to analysts at Topsperity Securities."
This just shows that all prior EV sales forecasts for 2024 must be taken with a grain of salt, because unforeseeable political decisions have a big impact on the growth of the market.
https://cnevpost.com/2024/04/27/china-offers-incentives-to-boost-old-car-replacements/
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