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Global EV sales show continued strength, China sees record numbers despite ending subsidy
November 14, 2023 9:03 AM ESTElectric vehicle sales globally remain strong, as indicated by China's record-breaking monthly sales in October, despite the discontinuation of subsidies, according to Rho Motion, a market research firm.
Even as China terminated an 11-year subsidy program for EV purchases in 2022, certain local authorities have continued to provide support such as aid, tax rebates, and consumer subsidies to incentivize investments.
In September, EV sales in... More
