Report: China to Cut PHEV/EV Subsidies Drastically By 2020
2016 Chevrolet Volt Photo: © General Motors Following an announcement from Shanghai GM earlier this month wherein the automaker said that it will commit a significant portion of $4.3 billion USD to building 10 “new-energy models” for the Chinese market, policy documents posted to the Chinese finance ministry’s website on Wednesday revealed the country’s plans…
