* 5m greener vehicles on the Chinese streets by 2020

China Daily: “China has set a target of producing and selling 500,000 energy-efficient and alternative-energy vehicles a year by 2015, and five million vehicles by 2020.

The blueprint, announced by the State Council on Monday, has outlined generous subsidies to consumers and producers of the new generation of greener vehicles, as it aims to ease the country’s heavy dependence on imported oil, cut emissions, and speed up the restructuring of its automobile sector into a more environmentally sustainable model.

According to the details, there will be heavy government investment in the core technology needed to build a strong and globally competitive new-energy vehicle industry.

The short-term emphasis will be on developing pure electric and plug-in hybrid vehicles, as well as wider usage of hybrid vehicles and energy-saving combustion engine automobiles.

The world’s largest auto market has set an accumulated production and sales target of 500,000 units of pure electric and plug-in hybrid vehicles by 2015, and that will be increased tenfold to more than 5 million units by 2020.”

via 5m greener vehicles on the streets by 2020 |Economy |chinadaily.com.cn.

Continuing on the path to a ‘greener’ China - http://chindia-alert.org/economic-factors/greening-of-china/

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