China Automotive Insider Low Costs and Bonuses Boost Sales of Electric Commercial Vehicles
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Electrification in China is changing lanes: While sales of electric cars are weakening, electric trucks and vans are experiencing strong growth. Scrappage bonuses and cheaper batteries are driving the boom.
Electrification has changed lanes in China. Now it is commercial vehicles that are transitioning to electric drives particularly quickly, while the shift in passenger cars is progressing more slowly. Previously, it had been the other way around for many years.
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