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China Subsidizes Electric Cars, But Small Efficient Gas Cars Too
 
Earlier this year, China announced hefty incentives for purchases of electric vehicles and plug-in hybrids: about $8,800 for full battery electrics and $7,300 for plug-in hybrids. That’s a step up from the U.S. subsidy for electric cars, a tax credit worth $7,500 for cars (like the Chevy Volt) with at least 16-kilowatt hours of battery storage. China is providing the incentives to help reach its aggressive goal of 500,000 hybrids and electric cars by 2011.
As we recently reported, more expensive hybrid and electrics face serious economic challenges in the Chinese ... Read more »
Views: 1309 | Added by: yanko16 | Date: 02.07.2010 | Comments (0)

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