China’s new-energy vehicle (NEV) market is set to post a slower growth rate of 18.3% this year compared with a 53% expansion last year, consulting firm AlixPartners said. The slowdown is due to a reduction of tax incentives and the government’s subsidy cut on new-energy vehicles. New energy vehicles approved last year need to be reviewed and reevaluated according to the government subsidy policy announced this year. AlixPartners estimated that 600,000 new-energy vehicles will be sold this year, up from 507,000 units last year. The firm sees electric vehicles to take up 83% of total sales in 2017.