government began to subsidise

By 2009, China had overtaken the US as the world’s largest automotive market for sales. In the same year, the Chinese government began to subsidise “new energy vehicles” (NEVs), which include battery electric vehicles, plug-in hybrid electric vehicles and fuel cell electric vehicles. It also began a targeted effort to promote domestic technological progress in the industry. The government later intensified these policy efforts and wove them into key national strategies such as “Made in China 2025”, “dual circulation”, and “dual carbon”. These strategies also served as political campaigns to rally local governments, companies, research institutes and investors behind supporting the development of NEVs. The Chinese state’s strategic สล็อต เว็บตรง