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Will China announce further increases in NEV subsidies by the end of 2024?
3
Resolution / Starting Odds
Yes • 50%
No • 50%
Official announcements from China's top economic planner or government publications
Story
China Doubles April Subsidies for NEVs to 20K Yuan
Jul 25, 2024, 12:34 PM
China has announced a significant increase in subsidies aimed at encouraging consumers to replace old cars with new energy vehicles (NEVs) or fuel-efficient models. The subsidies, initially introduced in April, have been doubled from 10K Yuan to 20K Yuan (approximately $2,770), with consumers now eligible for a RMB 20,000 subsidy for scrapping an old car and purchasing a NEV, and a RMB 15,000 subsidy for a fuel car with a 2.0 L engine. This move, announced by China's top economic planner, is part of new measures to promote the trade-in program. Deutsche Bank has indicated that low-priced NEVs are expected to benefit the most from these higher trade-in subsidies. $tsla is also expected to be impacted.
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Yes • 50%
No • 50%
Yes • 50%
No • 50%
Impose tariffs • 25%
File another complaint • 25%
Negotiate with the U.S. • 25%
No major action • 25%
Retaliatory tariffs • 25%
Diplomatic negotiations • 25%
No action taken • 25%
Other economic measures • 25%
