July 6, 2018 / 5:40 AM / a month ago

China considering further reduction in electric-vehicle subsidies: Bloomberg

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

FILE PHOTO - A charging cable is seen hooked to a car at a State Grid Corporation of China charging point for electric vehicles in Beijing, China March 3, 2018. REUTERS/Stringer

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

Reporting by Beijing Monitoring Desk; Editing by Jacqueline Wong

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