Insight

Will the latest subsidy reduction scale back China’s EV market?

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02 April 2019

Will the latest subsidy reduction scale back China’s EV market?

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 2 images and tables including:

  • China passenger EV sales - by year
  • China EV sales, by month

What's included

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  • Document

    Will the latest subsidy reduction scale back China’s EV market?

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