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Chinese government extends time limit for electric vehicle subsidies and car purchase subsidies

According to foreign media reports, the overall decline in China's electric vehicle sales may lead to the extension of government subsidies and incentives to purchase electric vehicles, but China must first control the current outbreak of the new coronavirus epidemic, which has stopped all sales in China .

The current epidemic has worsened declining sales in China.

China has become the world's largest electric vehicle market.

Why are electric cars important?

The environmental pollution of some Chinese cities is at the forefront of the world, and traveling by electric vehicle has become very important, which will help improve people's quality of life. However, China's electric vehicle sales have been declining for many months, and the "subsidy subsidy" of electric vehicles will also be realized by the end of this year. But this outbreak changed everything. After the epidemic crisis ended, China's economy may still need to rely on more people to purchase cars, especially electric cars.

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