Friday, February 18, 2011

China plans to make a million electric vehicles a year by 2015

China is aiming to put more than a million electric vehicles onto the road each year by 2015, according to the state-run People's Daily. It claims that new plans for the auto industry are about to be published and will make "new energy" – electric and hybrid electric – vehicles a national priority.

China's long-term target is for 100 million new cars and buses to be produced each year by 2020, it says. China's Ministry of Industry and Information Technology is pledged to invest more than 100 billion yuan over the next 10 years to support new energy vehicle production, "in order to make China the world's largest new energy automobile production country".

Source: The Guardian

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