China is stepping back from designating electric vehicles (EVs) a key strategic priority for the next five years, signaling what could be an end to an aggressive state-backed push that has made the country the world’s largest EV market.
A draft outlining the Chinese Communist Party’s (CCP) 15th Five-Year Plan, released Tuesday by the state-run Xinhua News Agency, shows that electric vehicles have been removed from a list of “strategic emerging industries.”
The document, prepared during the recently concluded annual conclave of the CCP Central Committee in Beijing, lays out the regime’s economic agenda for the second half of the decade….
CCP’s New Five-Year Plan Sidelines Electric Vehicles After Years of Subsidy-Driven Expansion
