China's Top Electric Vehicle Forum to Hold Conference in California

China's top electric vehicle forum, the World New Energy Vehicle Congress (WNEVC), will hold a conference in Sacramento, California from May 16-17, according to a statement from the Chinese Society of Automotive Engineers. However, concerns over subsidies have made the issue a bone of contention in relations between Beijing and Washington, as the U.S. seeks to protect its domestic EV sector from Chinese imports.

The WNEVC in Munich, Germany in September was the first time the forum was held outside China, indicating Chinese EV makers' ambitions for expansion

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U.S. New Vehicle Sales Rise, Electric Vehicle Growth SlowsNew vehicle sales in the U.S. increased by nearly 5% in the first quarter, despite high interest rates. However, the growth of electric vehicle sales slowed down due to concerns about limited range and availability. Automakers had to reduce prices as inventory levels rose, resulting in the largest decline in average sales price for the month of March. Discounts and lease deals were also more prevalent in March compared to the previous year.
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