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China reduces electric car subsidies

China’s Ministry of Finance announced the changes in a statement on its website, with Bloomberg noting “the subsidy for pure battery electric cars with a driving range of 400 kilometers (250 miles) and above will be cut by half, to 25,000 yuan ($3,700) per vehicle from 50,000 yuan.” Electric cars must now have a range of at least 250 miles to qualify for any subsidy.
More electrek.co/2019/03/26/china-electric-car-subsidies/

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