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BYD, Tesla, Porsche: Will EVs continue to dominate China’s auto market in 2023 as tax rebates resume?

China plans to offer a $72.3 billion package of tax breaks for new energy vehicles. Will more luxury car brands accelerate into the EV segment?

BYD, Tesla, Porsche: Will EVs continue to dominate China’s auto market in 2023 as tax rebates resume?
Potential taxes on China-made EVs could impact both local and non-Chinese manufacturers. Photo: BYD

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