China’s green car sales hit speed bump as Beijing cuts subsidies

27 July 2017 – After three years in the fast lane, China’s electric car market has hit a speed bump this year as reduced government subsidies dent drivers’ buying interest. According to UBS, sales growth of new-energy vehicles including pure electric cars and plug-in hybrid automobiles, are expected to slow to 20 percent in 2017, compared to the 63 percent year-on-year increase recorded in 2016. Read the full article on the website of the South China Morning Post.