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  With the support of policies and other factors, new energy vehicles have developed rapidly in recent years. According to data released by the China Automobile Industry Association, the cumulative sales of new energy vehicles from January to October this year were 947,000 , an increase of 10.1% year-on-year . Although the new energy vehicles outperformed the market as a whole, the growth rate has slowed significantly. In addition, affected by subsidy factors, since July this year , new energy vehicles have experienced a year-on-year decline for four consecutive months. The China Automobile Association has also lowered its new energy vehicle sales target for 2019 from 1.6 million to 1.4 million.coinbase proof of address reddit