Analysis-China signals it will pull plug on subsidies for EVs with five-year plan exclusion
NegativeFinancial Markets

China's recent announcement to exclude electric vehicle (EV) subsidies from its five-year plan has raised concerns in the automotive industry. This decision signals a potential shift in government support for EVs, which could impact manufacturers and consumers alike. As the world's largest market for electric vehicles, any reduction in subsidies may slow down the growth of this sector, affecting innovation and investment. It's crucial for stakeholders to understand the implications of this change and adapt their strategies accordingly.
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