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Volkswagen:Competition From China EVs: Difference between revisions
Volkswagen:Competition From China EVs (view source)
Revision as of 10:19, 26 August 2024
, 26 August 2024→Reasons for the dominance of Chinese automakers in the EV industry
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* Majority of the government support have recently been sales tax exemption. | * Majority of the government support have recently been sales tax exemption. | ||
* '''However, government support has started declining. Subsidy per vehicle stood at $4,764 in 2023 down from $6,656 in 2022 and $13,860 in 2018.''' | * '''However, government support has started declining. Subsidy per vehicle stood at $4,764 in 2023 down from $6,656 in 2022 and $13,860 in 2018.''' | ||
* It's good to point out that foreign automakers such as Volkswagen and Tesla producing in China also receive government subsidies though at a much lower scale compared to local makers. For instance, according to Kiel purchase subsidies provided to BYD amounted to around 1.6 billion in 2022 while that of Tesla was around 0.4 billion<ref>https://www.ifw-kiel.de/publications/news/chinas-massive-subsidies-for-green-technologies/</ref>. | |||
[[File:CSIS.png|left|thumb|811x811px|Source: Center for Strategic and International Studies (CSIS)]] | [[File:CSIS.png|left|thumb|811x811px|Source: Center for Strategic and International Studies (CSIS)]] | ||
[[File:Kiel Photo.png|left|thumb|813x813px|Source: Kiel Institute]] | |||