China: The Huge Potential Market for Electric Vehicles
16 June 2009
Both of China's government and Chinese auto companies are willing to bring cleaner, low-emission vehicles to the roads. Battery and auto maker BYD Ltd and other Chinese auto manufacturers with ambitions to be among the first to globally market all-electric vehicles are pinning their hopes on regulatory support to spur demand.
But creating an emission-free vehicle market is unlikely to be a priority for China. While China has made much progress in setting standards regulating vehicle emissions, it has not gone as far as providing incentives for individual buyers of the expensive but low-polluting autos. Henry Li, the general manager for BYD's auto unit, says "I hope government subsidies can help boost demand, because this is good technology, though expensive compared to conventional autos."
China, the fastest growing major market for vehicles, is also the world's largest emitter of greenhouse gases.
Source : english.chinabuses.com
Editor : Frederick
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