Standard economics theory holds that consumer subsidies raise demand for goods, thereby shifting prices higher. (marketwatch.com)
The U.S. government has invested $ 2.4 billion in research and development to improve EV batteries and another $ 300 million in grants for communities that are reducing petroleum use — not to mention, hundreds of millions of dollars in consumer subsidies. (thenewamerican.com)
And Qingdao, about midway between Shenzhen and Beijing, is offering consumers subsidies of between $ 5,000 and $ 9,000 per electric vehicle. (businessinsider.com)