As China aims to end subsidies on green cars, carmakers differ on technology
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CHINA will maintain plans to gradually phase out subsidies for green-energy vehicles until they are fully eliminated in 2021 and allow the market to determine the direction of green-car development, Finance Minister Lou Jiwei said on Saturday.
But auto executives speaking alongside Mr Lou at an industry conference in Beijing laid out differing visions as to which technology the market will favour: Tesla-style pure electrics or plug-in hybrid cars currently favoured by Volkswagen AG (VW) and others.
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