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China Should Expand Subsidies to Add Hybrids, Geely Says

China, lagging behind its target to put electric vehicles on roads, should expand its subsidy program to include other types of fuel-efficient cars such as hybrids, according to Zhejiang Geely Holding Group Co.

“The criteria to qualify for subsidies should be based on the fuel consumption and emissions of the vehicle, instead of what kind of technology they use,” Li Shufu, chairman of Zhejiang Geely, which owns Volvo Car Corp., told reporters today at the Chinese People’s Political Consultative Conference in Beijing. “The government should expand subsidies to include more types of vehicles, including all sorts of hybrids.”