The Chinese government announced two critical electric vehicle (EV) industry policies in June 2023. One is a tax exemption and reduction package for EV purchases nationwide, and the other is a series of measures to promote new energy vehicles (NEVs) in rural areas. DIGITIMES Research expects these policies to continue fueling end-market demand and drive local automakers to step up EV investments, enabling China to secure its status as the world’s EV leader, according to the latest EV Watch report.