China Weighs Extending Electric Vehicle Subsidies

The video discusses the role of subsidies in China's EV market, highlighting their importance in making China the top EV market globally. It covers the government's plan to phase out these subsidies and the negative impact this had on EV sales in 2019. The video also addresses the severe impact of the coronavirus on the EV industry, with a significant drop in sales due to production halts and lockdowns in major cities.

What was the initial plan for the EV subsidies in China?

• To be extended indefinitely

• To be phased out by the end of 2020

• To increase by the end of 2020

• To be reduced by 50% by 2020

What was the effect of the subsidy reduction in July 2019 on EV sales?

• Sales increased significantly

• Sales remained stable

• Sales doubled compared to the previous year

• Sales dropped, marking the worst year for the industry

Why is there a push to extend EV subsidies in China?

• To reduce pollution levels

• To boost the industry amid pressures

• To compete with the US market

• To increase government revenue

How did the coronavirus affect EV sales in January 2020?

• Sales increased by 54%

• Sales doubled

• Sales fell by 54%

• Sales remained unchanged

Which areas are expected to be most affected by the coronavirus in terms of EV sales?

• Small towns

• Big cities

• Suburban areas

• Rural areas