2min chapter

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Why Chinese EVs Will Take Over the World

ChinaTalk

CHAPTER

The Importance of Subsidies in China

The biggest difference between an EV and a gas car is right up front. They're more expensive to make. There's fewer of them being made in gas cars. They have a higher price. Subsidies are there to lower that price point. But the bigger things in China have been, I would say, the sort of sticks, not the carrots but the sticks.

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