China Moves to End Subsidies to its EV Industry
Beijing has removed electric vehicles from its list of strategic emerging industries for the first time in over a decade, signaling a fundamental shift in how the world's largest automotive market will support its dominant EV sector. The exclusion of NEVs from China's 2026-2030 five-year development plan indicates policymakers believe the industry has matured enough to compete without tens of billions’ worth of government subsidies and customer incentives. Market forces rather than policy directives will now determine which manufacturers survive China's increasingly competitive EV market. Data from Jato Dynamics research shows that 93 of the 169 automakers currently operating in…
