Tag: industrys

However, high manufacturing cost and lowered lifetime of the electronic elements restrain the market development. Initiatives took by the Chinese government to boost the automotive sector and increase the gross sales of luxury cars within the country also helped in sales growth and attract new investments. In terms of policy and taxation reforms, China is considering a tax cut to revive its weakened automotive market. A decade in the past, there weren’t many fully-electric autos available on the market besides Tesla’s lineup or the Nissan Leaf. That is why some saw the dominance of electrical automobiles within the automotive industry …