South China Morning Post (June 21)
2026/ 06/ 23 by jd in Global News
“China’s rapid transition to electric vehicles (EVs) has been widely hailed as an economic success story. But it is also creating a serious headache for the country’s local governments, which are tasked with maintaining one of the world’s largest road networks.” EVs accounted for fully 60% of last month’s new car sales, but the EV boom “is creating a growing fiscal black hole, as heavier electric cars send roadwork costs spiralling while simultaneously undercutting the tax revenues used to fund repairs.”
Tags: $60, China, Economic success story, EVs, Fiscal black hole, Fund, Governments, Headache, Heavier, Maintaining, New car sales, Rapid transition, Repairs, Road networks, Roadwork costs, Spiralling, Tax revenues, Undercut
