China promises subsidies to boost falling electric car sales
https://apnews.com/452435e44567132c18269717731b3abb
BEIJING (AP) — China is promising more subsidies to shore up plunging electric car sales amid the coronavirus pandemic but set limits that exclude Tesla’s made-in-China model.
Subsidies and tax breaks that were due to end this year will be extended by two years in response to “an accumulation of unfavorable factors” including the virus, the Finance Ministry said Thursday.