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ATAHK reads from China Daily that with the Chinese electric vehicle industry stepping tentatively into the competitive market, subsidies for electric car buyers will cease by the end of 2020, said Wan Gang, head of the country's Ministry of Science and Technology. For details, please refer to the following news from China Daily on 2014 September 11th:
China has produced 20,692 electric cars and sales volume reached 20,477 in the first half of this year. Both outnumbered last year's volume, Securities Daily reported Tuesday.The report also said 75 rules for electric cars have been laid down by the Ministry of Industry and Information Technology with more to follow.
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