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China to cut EV subsidy by 30% next year

Nuying Huang, Taipei; Yusin Hu, DIGITIMES Asia 0

EV. Credit: DIGITIMES

Going into 2022, China is offering 30% less EV subsidies for carmakers, according to government rules, and only subsidizing EVs priced below CNY300,000 (US$47,000). The coming year will be a test for carmakers facing semiconductor, battery shortages...

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