China’s EV Subsidy
Revenge of the Electric Car
JUNE 1, 2010
China is starting a program to subsidize buyers of battery-powered and plug-in hybrids. Government Aims to Create Strong Domestic Industry but Generous Rebates Risk a Backlash as Rich-Poor Divide Grows. All-electric e6 vehicles made by BYD charge up in Shenzhen, where the cars are used as taxis. Read more in the Wall St.
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