Foreign media: According to JPMorgan's forecast, if China cancels cash subsidies and tax incentives for car buyers, car sales in China may decline in 2026, breaking the six-year consecutive growth trend.
In an optimistic scenario, car retail sales are expected to remain flat next year, while in a cautious scenario, sales may fall by 3% to 5% year-on-year. This forecast covers both electric vehicles and fuel vehicles, with the electric vehicle market expected to grow by 15% next year, lower than this year's projected 27%.
The expiration of subsidies and tax incentives is the main reason for this pessimistic forecast.
Original article: www.toutiao.com/article/1846764000108608/
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