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China signals it will pull plug on subsidies for EVs with five-year plan exclusion

Summary
China has sent a clear signal that it is willing to pull the plug on subsidies for its electric vehicle industry after years of big-ticket government support fuelled a boom that has left the world's second-largest economy saddled with vast oversupply, prompting it to push into global car markets.

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The bosses of the world's largest automotive supplier Bosch are planning a historic job destruction in the Group. The left calls for more employee participation rights and their trade unions in strategic company decisions.

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  • 53% of the sources are Center
53% Center

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Carscoops broke the news in on Monday, July 14, 2025.
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