RE: Peak Petrol
September 13, 2023 at 12:49 pm
(This post was last modified: September 13, 2023 at 1:25 pm by Anomalocaris.)
It appears china has decided to put policy brakes on speed of EV adoption. government incentives and subsidies for consumer purchase of EVs are being cut, and government production license for new entrants into EV production are being withheld according to bloomberg.
This is not necessarily a policy decision to turn its back on EV, it could be a policy decision to force a highly fragmented domestic EV industry that has a lot of marginal manufacturers who can’t survive without subsidies to consolidate.
The sudden flood of Chinese EV manufacturers in European car shows is probably related to these manufacturers anticipating less friendly subsidy environment in China and hoping to make up the difference abroad.
This is not necessarily a policy decision to turn its back on EV, it could be a policy decision to force a highly fragmented domestic EV industry that has a lot of marginal manufacturers who can’t survive without subsidies to consolidate.
The sudden flood of Chinese EV manufacturers in European car shows is probably related to these manufacturers anticipating less friendly subsidy environment in China and hoping to make up the difference abroad.
