China slowdown the end of the beginning not the beginning of the end for EVs
Perhaps someone looking at commentary on Chinese electric vehicle sales over the past few years could be forgiven for thinking that the electric vehicle story would be a straight-line growth event given the Chinese Government’s focus on making Electric Vehicles a core industry. Those of us who look closer at the market knew that that was unlikely to be the case and the Chinese government’s withdrawal of subsidies on some electric vehicles and its plan for a total withdrawal of subsidies by midway through next year has guaranteed it. With Chinese PEV (Plug-in EV) sales now negative in y/y terms...
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