China Swats ‘A Few Flies’ to Temper Electric-Car Maker Excesses

  • Subsidy crackdown is latest step to recalibrate EV industry
  • Government guarding against shortcuts to 5 million sales goal
Photographer: Zhang Peng/LightRocket via Getty Images

China’s go-go era of pouring billions in subsidies that turned its electric vehicle market into the world’s biggest may be coming to an end after the government cracked down on funding cheats and pledged to wean the industry off handouts.

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