Friday, October 22, 2010

China wants to build one million electric cars a year by 2020

Geely electric car

China has announced plans to make life a lot cleaner for the region by ramping up its electric car production to one million vehicles a year by 2020.

China's Minister of Science and Technology, Wan Gang, unveiled the plan last week, as an extension of an existing scheme whereby individual buyers of new electric cars can claim hefty subsidies of up to 60,000 yuan (US$9,000) from the central coffers. 

Biggest global car market

To put the goal of one million electric cars in context, China is now the largest global car market, with sales of 13.6 million vehicles in 2009.

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Source: http://www.cnngo.com/explorations/life/china-build-million-electric-cars-year-2020-356037

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