China has announced another round of cuts to the tax breaks that have underpinned the rapid growth of its electric‑vehicle market. The new measures tighten eligibility criteria and lower the subsidy rates for both domestic manufacturers and foreign entrants, signaling a shift toward a more market‑driven industry as the government seeks to curb fiscal strain and encourage profitability. Officials say the adjustments will help weed out low‑margin players and push firms to focus on technology, range and quality rather than relying on state support. The move is expected to reshape pricing, sales forecasts and the competitive landscape for EVs across China’s massive consumer base.
China further reduces tax incentives for EVs electrive.com
