The $18 Billion Electric-Car Bubble at Risk of Bursting in China
By Editor - Sun Apr 14, 7:33 pm
The rush is on even as the government pulls back on the subsidies that juiced the industry to begin with. There are now 486 EV manufacturers registered in China, more than triple the number from two years ago. While sales of passenger EVs are projected to reach a record 1.6 million units this year, that’s likely not enough to keep all those assembly lines humming, prompting warnings that the ballooning EV market could burst and leave behind only a few survivors.