Q&A: The global ‘trade war’ over China’s booming EV industry

Quick Summary:

China’s "new energy vehicles” (NEVs) have been the centre of media and geopolitical attention in recent months.

In 2023, the Chinese central government scrapped up-front EV purchase subsidies known as “national buyer rebates”, which had contributed around 20 per cent to the total subsidies in 2022.

Furthermore, CSIS shows that only around 50 per cent of the EVs exported from China in the first half of 2023 were produced by Chinese companies.

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Article Details

Author / Journalist: Wanyuan Song, Verner Viisainen, Anika Patel

Category: EconomyBusiness

Markets: SingaporeAustraliaBelgiumBrazilCanadaChinaGermanyHong KongJapanMexicoThailand

Topics: Reporting Energy transition Investment Decarbonisation Trade Paris Agreement Tax Batteries Economy Energy International cooperation Electrification Regulation Research Pandemics Electric vehicles Innovation Governance Subsidies Emissions Global warming

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-02 @ 04:30:00 (1 days ago)

News Timezone: GMT +8:00

News Source URL: eco-business.com

Language: English

Article Length: 4481 words

Reading Time: 25 minutes read

Sentences: 172 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Eco-Business

News ID: 22335841

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About Eco-Business

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Coverage Areas: Singapore

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