Electric cars push is on in China

China’s new rebates forelectricvehicles in five large cities put the world on notice that the economic Goliath wants to clean its filthy air and curb its appetite for imported oil.

Chinese consumers receive $8,800 off an all-electric car, or $7,320 off a plug-in hybrid. Chinese consumers have shunned first-generation gas-electric hybrids because they cost nearly twice as much as gas-engine equivalents.
But it will take more than subsidies to catapult China to a leadership role in electric vehicle technology.
Americans buying the electric-poweredChevrolet Volt or Nissan Leaf will receive $7,500 tax credits. Buyers of conventional gas-electrics qualify for smaller credits.

Read this news @ http://www.evhub.in/news/149#149