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Staggering scale of Chinese government EV subsidies revealed

CarExpert

Though these subsidies are based on conservative estimates, they cover factors such as buyer rebates, sales tax exemptions, infrastructure subsidies, research and development grants, and government procurement. Mr Kennedy’s analysis shows Chinese battery giant CATL, which last year supplied 36.8 million (A$1.22 million (A$115.8

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How will the year shape up?

Canadian Auto Dealer

DesRosiers Automotive Consultants (DAC) reported new car sales in 2023 reached 1.63 million in 2022 when seven consecutive interest hikes and a supply shortage caused a dip from 1.63 Yes, we’ve figured out most of the supply chain issues, but no we’re still not out of it just yet.” million, a rise of 11.8