Toyota model keeps top spot under new standards promoting domestic batteries
BYD’s subsidies, cut by more than half, are the lowest among automakers. (Photo by Sota Tanaka)
SOTA TANAKA and RISAKO KOJIMA
TOKYO — Japan cut purchase subsidies for electric vehicles from China’s BYD by more than half to 150,000 yen ($936) as part of revisions announced Friday, which favor automakers that use domestically produced batteries.
