A Tesla electric vehicle (EV) drives past a crossing in Shanghai, China.- Reuters
SHANGHAI (Reuters): China is in talks with automakers about extending costly subsidies for electric vehicles (EV) that were set to expire in 2022, aiming to keep a key market growing as the broader economy slows, three people familiar with the matter said.
The move by policymakers comes as the world's second-biggest economy has slowed sharply -- and auto sales along with it -- after cities led by Shanghai imposed tight Covid-19 lockdowns from March.
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