Since the government cut subsidies in June, China's new energy vehicle (NEV) market - comprising mainly electric and plug-in hybrid vehicles - has been in free-fall. After growing by almost 59% to 617,000 units in the first half of 2019, NEV sales in the country declined by over 27% to 326,000 units in the four months between July-October - according to data released by the China Association of Automobile Manufacturers (CAAM).