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China promises subsidies to boost falling electric car sales

China promises subsidies to boost falling electric car sales

4 years ago
Anonymous $9CO2RSACsf

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.

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