Strategic shift: Impact of exclusion from mainland China’s 15th Five-Year Plan on the EV industry
Mainland China's EV industry is facing imminent strategic policy shifts to address overcapacity and global scrutiny, transitioning from subsidy-driven growth to innovation-led consolidation and sustainable leadership.
Mainland China’s electric vehicle industry has experienced remarkable growth over the past decade, backed by aggressive government policies supporting new-energy vehicles (NEVs), including battery-electric vehicles (BEVs), plug-in hybrid electric vehicles (PHEVs) and fuel cell vehicles (FCVs). However, in the past two years, mainland China’s policy approach has evolved due to emerging challenges, such as oversupply, fierce domestic competition and a maturing market.
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