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In the EV space it looks like cleantech is getting a lot of help. From the article: * began exporting its vehicles to the U.S. BYD has inked deals to supply e
by TheSpiceIsLife 8y ago
In the EV space it looks like cleantech is getting a lot of help.
From the article:
* began exporting its vehicles to the U.S. BYD has inked deals to supply electric buses to Facebook Inc.’s sprawling headquarters in Menlo Park, Calif., the transit authority in Long Beach, Calif., and the campuses of Stanford University and the University of California at Los Angeles. The most recent victory came in August, when BYD won a bid to supply all Georgia government entities with EVs.
The company is using the immense financial backing at home to its advantage. A $9 billion credit line from China Development Bank, for example, is helping BYD place electric monorails in Brazil, Egypt, and the Philippines.
And government grants that cover a third of the cost of building an electric bus.
It's hard to imagine any of the Western democracies doing this, in the near future.