China has reversed a long-standing policy by ending tax incentives for lithium-ion electric vehicle batteries, marking the conclusion of an 11-year subsidy program. The move signals a shift in the country’s approach to supporting the EV industry, as authorities appear to be scaling back direct financial support for battery technology. Industry analysts suggest the decision could influence global battery markets, particularly as China remains a dominant player in production. The change may also prompt automakers and manufacturers to reassess their strategies amid evolving government priorities.
China ends tax break on lithium-ion EV batteries after 11 years Nikkei Asia
