Insight
Will the latest subsidy reduction scale back China’s EV market?
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
On March 26, 2019, China announced to halve its purchase subsidy for electric vehicles (EV) based on 2018 level and curb the provincial-level subsidies as part of the government’s phasing out subsidies entirely by 2020. Technical thresholds for EVs to qualify for the subsidy have also been raised in the new scheme. What are the intentions behind the policy changes? Will China’s EV sales growth take an immediate hit? How will gasoline demand be affected? In this insight, we share our views on these questions.
Table of contents
- What are the intentions behind this policy change?
- Will China’s EV sales growth take an immediate hit?
Tables and charts
This report includes the following images and tables:
- China passenger EV sales - by year
- China EV sales, by month
What's included
This report contains:
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