CPCA Secretary General Says NEV Sales Have Reached Bottleneck, Especially after Removal of NEV Subsidies

Published: Jan 19, 2023 13:14

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Cui Dongshu, Secretary General of the China Passenger Car Association (CPCA), said that the growth of new energy vehicle sales has reached a bottleneck.

Cui Dongshu, Secretary General of the China Passenger Car Association (CPCA), said that the growth of new energy vehicle sales has reached a bottleneck. After the removal of NEV subsidies at the end of 2022, sales growth will be a tough issue in 2023. Recent price cuts by Tesla and other EV makers triggered wait-and-see sentiment among consumers.

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