China offers subsidies to encourage use of EVs
Millions of cars and other vehicles that now roam the streets in China testify to the country’s economic growth, but the Chinese government is pushing for more electric vehicles to offset the anticipated rise in emissions brought by the boom in the vehicle industry.
In November 2009, China surpassed the United States as the world’s largest automotive market when sales of cars and sports utility vehicles exceeded the 1 million mark. This figure is expected to rise in the coming years.
Xiao Chengwei, a member of an expert panel in the Ministry of Science and Technology’s Alternative Fuel Vehicles Program, estimates that China will have 130 million cars by 2020 and over 300 million by 2030.
[Source & read more: Ecoseed]
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