China is the most important automotive market in the world when it comes to electric cars. In recent months, however, sales of new cars in the Asian country have decreased, a trend that has led the government to reflect on what measures to take to revive the sector: the choice fell on leaving the segment of battery-powered cars on stand-by momentarily, and concentrating on those with internal combustion engines. The Chinese government has in fact decided to halve the purchase taxes for cars with internal combustion engines by the end of 2022. not exceeding 2.0 liters and not costing more than 45,000 euros.
A choice that goes against the trend with the ambitions of decarbonisation of mobility in China, but necessary to stop the bleeding evident from the sales data: just think that, only in April, registrations in the Asian country were collapse 48%. As Il Fatto Quotidiano points out, the decision to restore incentives for thermal cars benefits numerous manufacturers, not only local such as Great Wall but also international such as Nissan and Volkswagen. For some time China has been making a claim on the incentive system to facilitate the purchase of new cars, but recently it had decided to allocate them only to low- or zero-emission cars: now the reverse geareven if it will only be temporary, but inevitable given the market trend.
We will see what impact this decision will have on the sales of new cars in the Asian country: according to initial estimates, thanks to these new concessions it could increase by 2 million units the number of vehicles sold in 2022. On the other hand, however, this measure risks reaching the market fewer electric vehicles, which in any case should in any case affect annual volumes by around 20%. So the real question is: first the environment or first the market? China has made its choice.
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