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China remains in pole position for electric vehicle uptake despite cuts to subsidies

michaelvirks

The fact that buying electric allows you to circumvent China's mental "enter a lottery for a numberplace, chance of 1 in 3 every year, if you win, hand over ~£10K equivalent for the privilege of being allowed to buy a new car" model plays a much bigger role in the increased uptake than the subsidies. If you can afford to buy a new car in China, subsidies are not top of mind.

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