China’s EV Subsidy
Revenge of the Electric Car
JUNE 1, 2010
All-electric e6 vehicles made by BYD charge up in Shenzhen, where the cars are used as taxis. BYD is in position to benefit from China’s electric-car subsidies. Electric-car producers in China, such as Shenzhen-based BYD Co., He defined a sufficient subsidy as about $7,500 a car. Japan and Europe.
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