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:
Other reports you may be interested in
Insight
Value over volume: anti-involution to revitalise China's EV and battery supply chain
China aims for a more nuanced, market-oriented approach to market restructuring that balances regulatory guidance with market forces.
$1,050
Asset Report
Laibin Yinhai aluminium smelter
A detailed analysis of the Laibin Yinhai aluminium smelter.
$2,250
Insight
Shandong site visit: key takeaways on China's adaptation to unprecedented copper market challenges
Negative spot TCRCs are causing adjustments across the copper value chain
$1,050
