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. BEIJING—China will subsidize buyers of battery-powered cars and plug-in hybrids under a pilot program aimed at keeping the country competitive in the global race to develop an electric-vehicle industry, but which also risks a public backlash.
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