This is what we can call a snake that bites its tail. China and its disproportionate financing in the Automobile For years, Beijing has encouraged motorists to give up thermal engines with bonuses, tax advantages and measures that are favourable to manufacturers. The success is undeniable: the electric car now largely dominates sales in the country. But this success is beginning to produce unexpected effects. Revenues from fuel taxes, which are …
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This is what we can call a snake that bites its tail. China and its disproportionate financing in the Automobile For years, Beijing has encouraged motorists to give up thermal engines with bonuses, tax advantages and measures that are favourable to manufacturers. The success is undeniable: the electric car now largely dominates sales in the country. But this success is beginning to produce unexpected effects. Revenues from fuel taxes, which are …