China slashes EV subsidies, electric automaker shares fall

By Charles Morris China has announced substantial cuts to existing subsidies for EV purchases. The subsidy for pure EVs with ranges of 400 kilometers (250 miles) and above will be halved, to 25,000 yuan ($3,700) per vehicle, the Chinese Ministry of Finance said (via Bloomberg). The minimum range to qualify for any subsidy …read more

Source:: https://chargedevs.com/newswire/china-slashes-ev-subsidies-electric-automaker-shares-fall/