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Major Turning Point for China's EV Industry: A Decade of Subsidies May End

  发布时间:2025-11-23

According to a report from Reuters reprinted by the "Energy Storage World" WeChat public account: Chinese policymakers have, for the first time, excluded electric vehicles from the strategic industry list in the 2026-2030 Five-Year Plan. This marks the first time in nearly a decade that the EV industry has been excluded from the national strategic industries, indicating that China's EV industry has entered a new stage of development. It suggests that Beijing believes the Chinese EV industry has matured and no longer requires the same level of fiscal support, with future development primarily determined by market forces. At the 2025 China EV100 Forum, the Chinese automotive industry was noted to be facing severe challenges of structural overcapacity.

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