China reduces NEV subsidies further by 20%

Joris Van Roy

January 4, 2021

The Wuling MINI EV is China’s best selling electric car after Tesla’s Model 3. With a base price of just €3 600, it’s almost ten times cheaper than the Tesla /Wuling

China is reducing subsidies to purchase so-called New Energy Vehicles (NEVs) – plug-in hybrids, battery EVs, and fuel-cell cars – by 20%
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