BEIJING -- China looks to extend the expiring subsidies supporting the purchase of electrified vehicles as the country hopes to reverse the recent decline in sales, a senior Chinese official said Monday.
New-energy vehicles are crucial to Beijing's global automotive strategy

State subsidies helped make China the largest market for fully electric autos and plug-in hybrids. © Reuters
BEIJING -- China looks to extend the expiring subsidies supporting the purchase of electrified vehicles as the country hopes to reverse the recent decline in sales, a senior Chinese official said Monday.