China’s Cash-for-Clunkers Policy to Fuel $26 Billion More EV Sales
BloombergNEF sees the policy supporting as much as 1.1 million electric vehicle sales this year.
Photographer: Jason Alden/Bloomberg
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China’s cash-for clunkers trade-in program could supercharge electric-vehicle demand in the coming months, driving total EV sales to more than 10 million this year, according to BloombergNEF.