Report: Shanghai Will Subsidize EV Purchases With 10,000 Yuan Per Unit For Rest Of 2022

Shanghai will subsidize battery electric vehicle purchases within its borders with 10,000 yuan per unit for the rest of 2022,as a source. The subsidy started in June and ends at the end of the year, according to the local government.wrote in a wrap-up last week, “Consumers whose vehicles have been sold or scrapped will receive the subsidy if they purchase a new pure electric vehicle from dealers or stores registered in Shanghai.

reported that China was actually considering extending its EV subsidies to 2023. It should be noted that these include plug-in hybrid EVs. In addition to tackling the slow growth in the auto market,noted that the subsidies could be extended if the government deemed it necessary to stimulate the market.

'Tesla's Giga Shanghai will come back with a vengeance' - elonmusk Already doing 3000 cars per day. That's almost 100,000 cars for July & still ramping up til the rest of 2022. $TSLA WholeMarsBlog 28delayslater

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