Global EV prices drop below hybrids as low-cost Chinese cars spread

Adoption accelerates in emerging markets, fueled by cheaper batteries

Chinese automakers with affordable EVs, such as BYD, have made inroads in emerging markets. © Reuters

TOKYO -- Prices for electric vehicles were lower globally on average than for hybrids last year, thanks to cheaper batteries as well as Chinese automakers that benefit from economies of scale making inroads in emerging markets.

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