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Politics

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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