Cheap electric cars are selling fast but the end of subsidies could end the sales boom.
And this is largely driven by government mandates and incentives, says Mr Hsieh. For more than a decade, the Chinese government has subsidised EV purchases. The value of these subsidies has fallen over time, and they are due to end by 2023, but there are still plenty of reasons why buying an electric car is a financial no-brainer.
Then there is the potentially irresistible price tag of some vehicles. The Wuling Hong Guang Mini EV bucks the trend of EVs being a relatively expensive option.Affordable electric cars like this Wuling Hong Guang Mini EV have helped boost the Chinese market And manufacturers are filling higher-end EVs with infotainment systems and other gadgetry in a further attempt to woo consumers.But two big questions hover over the frenzy for electric cars in China. Firstly, will it last? And secondly, how will it shape the global EV market?
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