China considering upping hybrid car incentives
China just concluded a three-year pilot program that gave buyers the equivalent of $9,650 toward the purchase of an EV and $8,045 for plug-in hybrids. Standard hybrids, meanwhile, only saw incentives of $482.73. But that may change as the country moves toward its target of selling a combined five million EV, plug-in and hybrid models by 2020. If China does increase its hybrid incentives, the news may help Toyota more than any other company. Like other Japanese automakers, Toyota has seen sales slide off in the wake of an ongoing territorial dispute between the Chinese and Japanese governments. But stronger incentives may make the Toyota Prius, the world's most popular hybrid, attractive enough to overcome those hurdles.
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