evs explained
China Imposes New Limits: EVs Explained on How the Energy Cap Threatens First‑Time Buyers
What If a Government Cap Could Suddenly Cut Your Pocket-Saving Subsidy by Half? In Q4 2023 BYD shipped 320,000 vehicles, overtaking Tesla’s 300,000, highlighting the rapid growth that prompted Beijing to tighten subsidies. The new China energy cap slashes the state-backed subsidy for first-time EV buyers, effectively