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BYD hopes to quadruple light-duty plug-in vehicle sales this year

? Brooklyn Dodger fans were long known for their mantra, “Wait ’til next year.” BYD appears to be following suit.

The Chinese automaker says it will more than quadruple light-duty plug-in vehicle sales next year, as demand will be fueled by a combination of government incentives and rising gas prices, the Wall Street Journal reports.

BYD, which sold about 1,700 light-duty plug-in vehicles in 2012, hopes to boost that number to about 8,000 this year. Electric bus sales are supposed to almost triple from 700 to about 2,000. The company should benefit from fleet sales as companies look to reduce refueling costs, as well as subsidies in China that can reach as high as $19,000 US (roughly) per vehicle.
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