This was stated by the representative Association of automobile manufacturers of the PRC.
It may “soften” the rapid growth of sales of electric cars and rechargeable hybrids, which in 2018 in China grew 50%, according to representatives of automakers.
China first introduced measures to stimulate production and demand for rechargeable cars in 2010. 2018 grants already reviewed. In China, state subsidies are tied to the mileage of the electric vehicle on a single charge. Now, with the passing years, subsidies for electric cars with mileage up to 150 km decreased, while machines with a power reserve of more than 400 km increased.
The reduction of subsidies by a third likely will again affect rechargeable hybrids and electric vehicles with a small reserve, with the support of electric cars with powerful batteries will continue for another year. In 2020, demand subsidies for electric vehicles in China can be cancelled completely. In return, the government will provide direct support to those producers that seem most promising to them.
Now China is the absolute world leader in the sale of electric cars and hybrid cars increased due to podzaryadki reserve. In 2018, total sales of such vehicles will exceed 1 million pieces.
Local carmakers have already started to prepare for what authorities called a “competitive without subsidies”. Recently, Geely announced the creation of a joint venture with the largest local manufacturer of batteries CATL for the production of automotive batteries. This is done in order to reduce the cost of battery packs for electric vehicles to the point where government subsidies will be completely abolished.
