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US LEADS THE WAY IN FINANCIAL SUPPORT FOR ELECTRIC CARS

The US is the country most likely to lead the emergence of electric cars as a means of mass transportation, according to research by McKinsey, the global consultancy.

A new electric-vehicle index compiled by McKinsey puts the US ahead of France, Germany and other western European countries that have up to now been in the vanguard of clean-vehicle technology. China is tied with Germany in third place.

The index is based on nine variables that are likely to influence investment in electric-vehicle production and consumer acceptance of the new technology. It will be updated quarterly.

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