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July 06, 2018

China considering further reduction in electric-vehicle subsidies: Bloomberg

China considering further reduction in electric-vehicle subsidies: Bloomberg
© Reuters. FILE PHOTO - Charging cable is seen hooked to a car at a charging point for electric vehicles in Beijing

BEIJING (Reuters) - China is considering a further reduction in electric-vehicle subsidies next year, Bloomberg reported on Friday, citing unnamed sources.

Beijing is scaling back subsidies to push automakers to focus more on technological improvements instead of relying on fiscal policy, the report said.

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