China to Give Stimulus for Development of Electric Vehicles
This article is for subscribers only.
China, the world’s biggest emitter of greenhouse gases, said it will provide financial support and individual subsidies to promote the use and development of electric and plug-in hybrid vehicles.
The government will broaden pilot programs, build recharging facilities and develop a plan to recycle batteries, as part of a drive to have 500,000 such vehicles by 2015, rising to 5 million by 2020, the State Council, or cabinet, said in a statement posted on its website yesterday.