CHINA BEV SUBSIDIES MAY FUEL SHORT-TERM PURCHASES, BUT SALES STAGNATION MAY FOLLOW, SAY EXPERTS
August 23rd, 2024
The Chinese government’s renewed efforts to pump prime its domestic battery electric vehicle markets (BEV) might boost already burgeoning sales in the short term, but it may herald a future flatlining of growth, a worrying sign for Chinese OEMs, industry experts have warned Wards Auto.
They spoke about why China's Development and Reform Commission (NDRC) and ministry of finance in late-July jointly announced an effective doubling of subsidies for consumers replacing old vehicles with emission standards of China 3 and below or BEV/hybrid passenger cars ...
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