A recent report estimated Chinese government's support for EVs at $230.8 billion from 2009 to 2023, indicating a significant rise in funding over the years.
Spending tripled between 2018-2020 and further increased after 2021, with various kinds of support such as buyer rebates contributing to the substantial funding.
#electric-vehicle-sales #tariffs #chinese-ev-sector-support #protectionist-measures #global-ev-market-dynamics
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