#government-subsidies

#government-subsidies

China dominates the global electric vehicle market through extensive government support, numerous low-cost innovators, and advanced in-vehicle digital technology.

China is producing far more electric vehicles than domestic demand can absorb, causing massive unsold inventories, deep discounting, and financial strain despite subsidy-driven production incentives.

Government aims to reduce childcare costs to €200 per month, but current subsidies leave families paying high amounts out-of-pocket.