China cuts subsidies for many electric cars, lifts standards
Automakers face higher range requirements as fraud prompts aid reduction
China is reassessing subsidies for manufacturers of electric vehicles and plug-in hybrids.
GUANGZHOU -- China lowered manufacturer subsidies for many electric cars and plug-in hybrids by about 30%, with the central government planning to re-evaluate this aid again around midyear.
The revamped subsidy program that took effect Monday grants automakers 24,000 yuan ($3,780) for each electric car with the typical range of 200km to 250km per charge, down from 36,000 yuan.
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