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China’s April Auto Sales Slump Exposes Pressure on Gasoline Cars
Key Takeaways
- China’s car sales fell 22 percent in April year over year.
- The supplied source says EV demand could not offset weaker gasoline-car demand.
- The report links the decline to reduced trade-in subsidies and the return of a purchasing tax on EVs.
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DT Editorial Team··via autonews.com