Government support for Chinese EV automakers has been declining
- Data from Center for Strategic and International Studies (CSIS) indicates that the Chinese government isn’t interested in supporting Chinese EVs indefinately.
- Subsidy per vehicle stood at $4,764 in 2023 down from $6,656 in 2022 and $13,860 in 2018.
The Chinese EV Dilemma: Subsidized Yet Striking | Trustee China Hand | CSIS