China Set to Leapfrog the U.S. in Clean Car Production (like everything else)

http://www.triplepundit.com/2010/08/china-set-to-leapfrog-the-u-s-in-clean-car-production/

The Chinese government announced last week that it plans to invest up to $14.8 billion (100 billion yuan) over the next ten years to stimulate the production of plug-in hybrid and all-electric cars. The country intends to have 5 million of these vehicles on the road by 2020. That kind of commitment makes the $5 billion that the U.S. government plans to spend in this direction appear as a paltry sum.

How will China disperse those funds and why is China moving so aggressively in the electric vehicle space?

It appears that the Chinese government adopted the U.S. policy model for distributing funds to their emerging domestic electric car industry. They plan to divide the 100 billion yuan between the development and commercialization of fuel-efficient powertrains (50 billion), demonstration programs (30 billion), and creating a charging infrastructure (5 billion). They plan to provide funding to 3-5 vehicle manufacturers and 2-3 battery and electric motor suppliers.

In addition, consumers of hybrid and plug-in vehicles in five Chinese cities will benefit from significant state subsidies. Those that buy plug-in vehicles (plug-in hybrid and all-electric) will qualify for the highest purchase subsidies.

<more>

nt

Had Carter been re-elected, we'd probably be selling electric cars to China.

It makes a big difference who is in office here in the US. Big difference.

Obama can still make his mark.

His government was great for energy policy and habitat protection

build 200 nuclear reactors there by 2030, and 400 by 2050.

http://www.world-nuclear.org/info/inf63.html

I guess that the lights will stay on there, unlike countries that took BP Greenwasher Amory Lovins seriously when he claimed disingenuously that he gave a rat's ass about controlling dangerous fossil fuels.

By the way, there is no such thing as a "clean car." Never has been one, never will be one.