As China's electric vehicle (EV) market continues to boom, a drastic shift in government policies is sending shockwaves through the industry. In a major reversal, the Chinese government has announced plans to introduce weight-based taxes on EVs, effectively ending the era of generous subsidies that have driven sales in recent years. The move is seen as a response to criticism that the subsidies have created an uneven playing field, favoring high-end luxury EVs over more affordable options. The new tax regime is expected to hit consumers and manufacturers alike, potentially slowing the pace of China's EV adoption and sending ripples through the global market.
China's EV Backlash: From Subsidy Boom To Weight-Based Taxes EVWORLD.COM
