July 6, 2018 / 5:43 AM / 4 months ago

China considering further reduction in electric-vehicle subsidies: Bloomberg

FILE PHOTO - A charging cable is seen hooked to a car at a State Grid Corporation of China charging point for electric vehicles in Beijing, China March 3, 2018. REUTERS/Stringer

BEIJING (Reuters) - China is considering a further reduction in electric-vehicle subsidies next year, Bloomberg reported on Friday, citing unnamed sources.

Beijing is scaling back subsidies to push automakers to focus more on technological improvements instead of relying on fiscal policy, the report said.

Reporting by Beijing Monitoring Desk; Editing by Jacqueline Wong

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