Some automakers and charging providers in the U.S. plan to continue electric mobility advancements even without tax incentives, but losing subsidies may hinder the country's electric race against China.
China has reintroduced support for 'new energy vehicles' by providing double subsidies for replacing old vehicles, resembling a 'Cash for Clunkers' program, to accelerate EV adoption.
China ceased its nationwide NEV subsidy in 2022, but due to lower demand, implemented a new, smaller subsidy, including sales tax exemptions, encouraging customers to switch to NEVs.
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