3C Holdings appointed to help raise capital for government electric car project

KWAI FONG, Hong Kong - April 25, 2024 - PRLog -- To stimulate demand, China's government decided that instead of eliminating purchase subsidies, per-vehicle subsidies for EVs would be cut by only 10%, 20%, and 30% year-on-year in 2020, 2021, and 2022 respectively. They were cancelled at the end of 2022 (Ministry of Finance of China, 2020)

Life after subsidies continued its course as independent financial firms started competing for a spot in the government program. China's plan is to offset their carbon emissions by 30% till 2030 and so far, they are beyond the target. With players like BAYDU- the largest electric car manufacturer in china and largest in the world by volume, things are looking up on the sustainability front.

Their production facilities expanded by 10% per annum due to the huge demand on the market – a deal sweetened by the government subsidies that encourages consumers to opt for an electric car instead of a traditional vehicle. Financial firms benefit from winning government bids by obtaining early stock options, exclusive allocations and diminished risks for their investors and at the same time, being involved in an ethical strategy of making money.

Saving money, energy and the planet one electric car at the time and one independent subsidy at the time. 3C is a recognized financial consultancy firm with an appetite for green markets and sustainability, with various projects in the medical field, biotech, green energy and research.

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