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China signals it will pull plug on subsidies for EVs with five-year plan exclusion — -/AFP via Getty Images via Getty Images

Electric Vehicles · China

China signals it will pull plug on subsidies for EVs with five-year plan exclusion

50% Center coverage: 16 sources

China has sent a clear signal that it is willing to pull the plug on subsidies for its electric vehicle industry after years of big-ticket government support fuelled a boom that has left the world's second-largest economy saddled with vast oversupply, prompting it to push into global car markets.See the Story