What Happen to China Carmakers when Electric Vehicle Subsidy Gets Cut?
The China’s government plans to phase out subsidies after 2020 as central and local governments have spent 15 billion yuan ($2.3 billion) on subsidies which likely replaced by California-like zero-emission carbon credits system. China will consider mandates that carmakers produce more electric vehicles or purchase carbon credits from their peers, potentially emulating California’s system and transitioning from a subsidy-driven approach to
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