Tag: reduce
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China to reduce NEV subsidies by 10%, sale of vehicles with swappable batteries supported – report
China has opted to cut subsidies for fresh energy vehicles (NEVs) by 10% this year, after its decision to continue providing incentives for customers for buying cleaner cars, Reuters reported. The Chinese authorities had announced plans this year to end the subsidies, but it then declared in March that the subsidies will be extended. The…