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 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.”
Continuing on the path to a ‘greener’ China – https://chindia-alert.org/economic-factors/greening-of-china/
- China Adopts Energy Saving And Green Car Industry Plan (earthtechling.com)