According to an anonymous source cited by Bloomberg, the Chinese government is considering an extension of its subsidies for new energy vehicles beyond 2020 instead of phasing them out like it originally planned.
Talks are reportedly still early stage but focussed on ways in which the Chinese EV market can be revived following the recent sharp drop in sales.
China remains the world’s most important market for electric mobility, but 2018 unit sales were down 4% yoy.
Analysis and Comments
The Chinese authorities were earlier planning to phase out all EV subsidies by 2020. This is clearly not feasible considering that EV battery costs are still higher versus that required for EVs to breakeven with a gasoline vehicle.
As explained by many analysts and in my other posts, battery cost reduction is likely to slow down in the coming years.
Analysts think that as subsidies are eventually removed in China and elsewhere there will be a temporary negative hit to passenger EV adoption.
However, in the long term, regulations will drive EV adoption, although they think it will be at the expense of the driving range as automotive OEMs will be forced to keep battery sizes small to make money on mass market EVs.
China seem to always bring out something beautiful when it comes to creating technological products, we hope this coronavirus does not destroy their dear country.
Coronavirus has now more chances to destroy other countries than China, they are almost out of it. I am afraid it might not be the case for Middle-East, India and Africa...
Would you mind investing few minutes of your time and reading post about project.hope economy? That would allow you to understand who are we organized and what's our goals.
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China seem to always bring out something beautiful when it comes to creating technological products, we hope this coronavirus does not destroy their dear country.
Coronavirus has now more chances to destroy other countries than China, they are almost out of it. I am afraid it might not be the case for Middle-East, India and Africa...
Dear @vlemon
Would you mind investing few minutes of your time and reading post about project.hope economy? That would allow you to understand who are we organized and what's our goals.
Cheers
Hello there @project.hope !
I checked it out and will reach out to you soon on Discord ;)
Lovely :)
ps. we've created our own curation trail called @ph-fund. We're placing only 4 upvotes daily (on posts that are also resteemed on by project.hope) so anyone who follows this curation trail wouldn't lose to much of his/hers voting power.
Perhaps you could consider joining with 20-50% voting strength. Few hours after this curation trail is being triggered - our 300k SP upvote follows. This way we're ensuring that your curation rewards will be worth it :)
Looking forward to talk to you via Discord :)
Cheers, Piotr
Hi @vlemon!
Your post was upvoted by @steem-ua, new Steem dApp, using UserAuthority for algorithmic post curation!
Your UA account score is currently 4.836 which ranks you at #1461 across all Steem accounts.
Your rank has improved 9 places in the last three days (old rank 1470).
In our last Algorithmic Curation Round, consisting of 93 contributions, your post is ranked at #8.
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I am glad they are not allowing coronavirus issue take all their time and attention, I wish them the best.