China, With Methodical Discipline, Conjures a Market for Electric Cars - News Summed Up

China, With Methodical Discipline, Conjures a Market for Electric Cars


China is the world's largest market for electric vehicles, thanks largely to a relentless program of subsidies and incentives. Photo/Video: Eva Tam/The Wall Street ​Journal​SHANGHAI—China has created the world’s largest electric-car market by sheer force of will, a giant bet on domestic production that’s leaving major foreign auto makers scrambling to keep up. The government is funding its own manufacturers, luring domestic buyers with subsidies and building a vast charging-station network—while strong-arming its consumers by making sure buying an electric car is the only sure way to get license plates in crowded cities.


Source: Wall Street Journal October 02, 2017 14:24 UTC



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