China to end subsidies for electric vehicles by end of 2022

China will end subsidies for electric and hybrid cars at the end of the year, saying the strength of sales in the sector meant state support is no longer needed

Electric and hybrid cars are expected to represent 18 percent of all vehicle sales in China in 2022.

Purchase subsidies would be reduced by 30 percent from the beginning of 2022 before being scrapped completely by the end of the year, the Ministry of Finance said in a statement on Friday.

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