Arrow Artboard Created with Sketch. Artboard Created with Sketch. Title Chevron Title Chevron Icon Facebook Icon Linkedin Icon Mail Contact Path Layer Icon Mail Positive Arrow Icon Print Economy China to slash EV subsidies 30% next year As industry grows, focus turns to competitiveness SHUNSUKE TABETA, Nikkei staff writer December 26, 2018 05:07 JST | China
BEIJING -- The Chinese government is expected to reduce subsidies on electric-vehicle purchases by about a third in 2019, possibly increasing downward pressure on an economy already losing momentum.
China plans to completely end the subsidies in 2020 under a phaseout that began last year, with an eye toward encouraging automakers to cut costs and become more competitive.
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