A charging station is seen at a Beijing showroom for Nio Chinese-made electric cars. (Reuters File Photo)BEIJING: China will end subsidies for electric and hybrid cars at the end of the year, authorities have announced, saying the strength of sales in the sector meant state support was no longer needed. “Vehicles registered after Dec 31, 2022 will not be subsidised.”Sales of electric and hybrid cars have boomed in China, with increases of more than 100% year-on-year in recent months. The association estimated overall growth in the world’s largest vehicle market in 2021 was 3.1% — the first year of sales growth since 2018. China, the world’s largest polluter, has set ambitious goals for the widespread adoption of electric and hybrid vehicles, and aims to have the majority of cars powered with clean energy by 2035.

Source: Bangkok Post January 01, 2022 15:04 UTC