[resolutebat]

Sigh, this old trope again. The Chinese government stopped subsidizing EV purchases in 2022. There are some tax breaks, but they're also getting phased out. Neither is or was ever all that different from the various EV subsidies found in most Western countries.

https://dialogue.earth/en/business/life-after-subsidies-for-...

Doing business in China is indeed very hard, but Tesla is still selling quite well there, despite absolutely furious competition.

[tooltalk]

China's EV subsidies have existed in various shapes and forms since 2009 -- they are always phasing out; then renewed, extended every 3-4 years. The last "direct purchase" subsidies ended on Jan 1, 2023; it was however extended as a "tax credit" in June 2023 for another 4 years with $72+B budget. This is also in the same article you cited (see translated below):

  Extension of the preferential tax policy for car purchases The total reduction and exemption is expected to reach 520 billion yuan —— Precision to provide assistance to the expansion of new energy vehicles 2023-06-21

  The Ministry of Finance, the General Administration of Taxation, and the Ministry of Industry and Information Technology recently issued a joint announcement to clearly continue and optimize the tax reduction and exemption policy for the purchase of new energy vehicles to support the development of the new energy automobile industry and promote automobile consumption. According to preliminary estimates, through the implementation of the extension policy, the total scale of vehicle purchase tax relief from 2024 to 2027 will reach 520 billion yuan.

Now, in addition to this, there also various industry subsidies, export credit/refund/rebates, and other financial instruments by gov't that are difficult to account for (because they are not public info).

[cladopa]

It does not need to be EV purchases. When the company I worked for went to China, it paid 0% taxes for several years. This is a subsidy. I worked there, and everything was subsidised, the steel and aluminium plants for example. If as engineer you don't pay taxes on your salary, you are subsidised.