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 JournalSHANGHAI—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