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Subsidy fraud leads to reforms for China’s EV market

As the largest auto market in the world, China has been committed to promoting electric vehicles (EVs) since 2009; the country aims to have 5 million EVs on Chinese roads by 2020. To reach this...Policy adjustments, created largely in response to the high-profile subsidy fraud scandal, mark major reforms for China’s EV market. As an old Chinese saying goes, “A loss may turn out to be a gain...
Published 2017.05.30: Blog Post