China May Give Electric Cars, Hybrids $15 Billion Jump Start
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China may invest more than 100 billion yuan ($15 billion) in alternative-energy vehicles during the next 10 years to boost the industry, the Shanghai Securities News said.
The spending is included in a draft plan for 2011 to 2020 that the Ministry of Industry and Information Technology may submit this month to the State Council for approval, after seeking feedback from other ministries, the newspaper reported today, without saying where it got the information.