China has realised it’s making too many electric cars.
The country’s vice minister of industry and information technology stated they will be taking “forceful measures to prevent superfluous projects.”
China has been supporting electric cars, helping companies like BYD, Geely Automobile, and others grow. This has made China the biggest car market and the largest car exporter.
But because of this growth, many provinces have started making too many cars, experts think there could be 5 to 10 million extra cars made every year.
Last year, the European Commission started investigating if cheap Chinese electric cars were hurting their market.
