China set to backslide on electric car quotas while extending subsidies

China is poised to temporarily ease its quotas for EV production, according to Reuters. The reason cited for the backsliding is to give automakers a chance to recover from slumping sales due to the coronavirus pandemic. The move would follow the United States relaxing its vehicle emission rules. However, unlike the US, China plans to extend its electric-vehicle subsidies for two years.

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Source: Charge Forward