BEIJING: China will end subsidies for electric and hybrid cars at the end of the year, authorities have announced, saying the strength of sales in the sector meant state support was no longer needed.
"Given the growth of the industry for vehicles with new energy, the sales trends and the smooth transition of manufacturers, the subsidies ... will end on Dec 31," the ministry said.Sales of electric and hybrid cars have boomed in China, with increases of more than 100 per cent year-on-year in recent months.
Of the 27.5 million vehicles set to be sold this year, according to CAAM, five million will be electric and hybrids.
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