China looks to consolidate over-populated EV market

Chinese Government officials have indicated that the country is set to consolidate its electric vehicle (EV) sector after the country delivered too many zero-emissions car makers.

Over the past decade China has heavily promote its domestic EV manufacturing sector and boosted incentives for car buyers as part of efforts to cut air pollution and avoid a repeat of January 2013, when the country spent 26 days shrouded by heavy smog.

But Bloomberg reported this week that the EV push has created so many OEMs producing zero-emission vehicles that some are barely viable.