China Ends Electric Vehicle Subsidies as Sales Cut in Half

China Ends Electric Vehicle Subsidies as Sales Cut in Half
Guests look at a Tesla Model 3 during a ground-breaking ceremony for a Tesla factory in Shanghai, China on Jan. 7, 2019. STR/AFP via Getty Images
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News Analysis
China is ending all electric vehicle subsidies for its 486 registered manufacturers after production fell by over a third and sales plunged by almost half.