China’s EV subsidy boosts ‘golden week’ sales amid rush before incentives’ expiry
Electric vehicle (EV) dealers did brisk sales on the mainland during the “golden week” holiday, with the soon-to-end government subsidies pushing buyers to hasten their decisions. However, market observers warned of a slowdown in EV sales if the incentives are scrapped next year, just as they did in January 2023 when the subsidies were phased…