The electromobile industry has become a focus point once again as China comes to the rescue to encourage and boost domestic demand. The country’s leading planning authority for economic matters, the National Development and Reform Commission, has proposed a trade-in subsidy program of RMB 62.5 billion ($8.9 billion) for 2026. The program will be funded through ultra-long-term special treasury bonds, and this will mitigate challenges posed by a weak China’s housing market and deflation. This comes on the ...

The government’s new consumer subsidies offer a novel twist to traditional tactics in lifting demand. But though they are novel, the transfers are small https://t.co/ETYq0nUkck ...