China Seen Laying Down $15 Billion Bet on Electric Vehicles

  • China to be `epicenter of electrification,' analyst says
  • BYD, Zotye among biggest sellers of electric cars in China

China has found electric cars a tough sell even after lavishing consumers with subsidies and privileges. After almost certainly failing to meet a target to have half a million of such vehicles on its roads by year end, its next act is to achieve a 10-fold increase by the end of the decade.

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