China’s EV subsidies sharply reduced

I read an article a couple of days ago in the Wall Street Journal about electric vehicle subsidies being sharply cut back in China.   It seems there are an incredible number of EV manufacturers in China.  487 electric vehicle manufacturers, to be exact.  And if you build EVs over there, there are rich Chinese government subsidies (from both the local and central Chinese governments).  China is scaling these back significantly.  All of the local subsidies are being eliminated, and the central (what we would call federal) government subsidies are only being provided for vehicles with a range of 155 miles or more on a single charge.

You may remember my observations in Riding China about the preponderance of electric motorcycles and scooters over there.  It turns out that the subsidies are not provided on motorcycles and scooters, so they are not affected.  Interesting times.