GUANGZHOU -- Electric-car manufacturers like BYD and Tesla are raising prices in China, where government subsidies for such new-energy vehicles were reduced in January.
The automakers also are passing on surging materials prices to buyers.
Electric cars in China
Tesla, BYD raise China prices on EV subsidy cuts and material costs
Beijing reduces incentives for electrics by 30% as part of phaseout
Tesla's delivery center in Beijing: The automaker raised prices on its flagship Model 3 and Model Y by 4%-8% at the end of 2021. (Photo courtesy of Tesla)
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