Chinese EV Market’s $231B Boost: Global Reactions and Impact on India’s Auto Industry

chinese ev car

A recent report by Bloomberg News reveals the secret behind the success of China’s electric vehicle (EV) market: significant government support. According to the study, China’s EV makers received at least $231 billion in government subsidies and aid from 2009 through the end of last year. Scott Kennedy, a China specialist at the Center for … Read more