EV subsidies ended in 2022; local support fades by 2025
Edited By WION Video Desk
Published: Dec 31, 2025, 16:21 IST | Updated: Dec 31, 2025, 16:21 IST
After years of rapid expansion fuelled by state subsidies and aggressive price cuts, dozens of Chinese EV makers now face a tough reality. Mergers, consolidation or shutdown could be the central theme for the industry in 2026. Cash is drying up, government support is waning, and only a handful of major players are still generating profits.
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