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China’s EV Subsidy

Revenge of the Electric Car

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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When Will EVs Hit Primetime?

Revenge of the Electric Car

Similarly, in China, the sheer size of the auto industry and the country’s ambitious clean-energy goals suggest a potentially huge market for electric cars. China overtook the US last year as the largest auto market in the world. Still, Chinese auto-makers hesitate to mass-market their electric models domestically.

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