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Maroc Maroc - NEWMOBILITY.NEWS - A La Une - 24/Jun 09:16

CSIS: ‘Chinese EV makers got more than €200 billion of state aid’

According to the Center for Strategic and International Studies (CSIS), based in Washington, D.C., Chinese car manufacturers received some €216 billion in government aid to produce electric cars. The American think tank’s researcher Scott Kennedy says more than half of it was given as a turnover tax exemption. Other subsidies include premiums for new electric cars, state-financed charging infrastructure, governmental purchasing of EVs, and subsidies for R&D on electric vehicles. Continue reading at newmobility.news.

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