China Electric Vehicle Sales to Fall Short of Target, BNEF Says
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China’s electric vehicle sales probably will fall short of the government’s target because the vehicles are costly and lack charging infrastructure, Bloomberg New Energy Finance said in a research note.
Sales in China’s market totaled about 13,000 vehicles from 2009 to 2011, and figures for 2012 are “not expected to be orders of magnitude higher,” the London-based researcher said in a statement released today.