China rolls out new electric vehicle incentives to boost domestic production

China’s Ministry of Industry and Information Technology has announced a fresh set of incentives for electric vehicle (EV) manufacturers, aimed at encouraging domestic production and technological innovation. The new measures include tax reductions, subsidies for battery research, and support for building charging infrastructure in smaller cities. Officials stated that the initiative is designed to strengthen China’s position in the global EV market, reduce reliance on imported components, and accelerate the transition to green energy transportation. Analysts believe this could also help local automakers compete more effectively against international EV brands entering the Chinese market.