China to cut EV subsidies by 30% in 2019

By Charles Morris Generous subsidies have helped China to become by far the world’s largest EV market. However, the government has begun to phase out the incentives – EV subsidies are expected to be substantially reduced in 2019, and eliminated completely in 2020.
“Next year’s subsidies will likely be reduced by approximately 30% compared …read more

Source:: https://chargedevs.com/newswire/china-to-cut-ev-subsidies-by-30-in-2019/