Network of electric vehicle charging stations on tap

Coulomb Technologies on Wednesday said it will build 4,600 electric vehicle charging stations in nine regions of the U.S., funded by $37 million in grants.

More than half of the charging stations in the program called ChargePoint America will go in public locations, such as overnight parking spaces, offices, or retail locations. About 2,000 going into people's homes as part of the purchase of an electric vehicle.

The goal of the charging network and others like it is to make electric vehicles more accessible to consumers, as these cars come to market in the coming months, said Richard Lowenthal, the CEO of Campbell, California-based Coulomb Technologies during a press conference.

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China to Aid Electric Car Buyers

In a bid to boost China’s electric and hybrid car industry, the country will begin subsidizing sales of battery-powered vehicles, according to the Wall Street Journal.

China will give buyers of electric vehicles up to 60,000 yuan ($8,800) and buyers of certain gasoline-electric hybrids will receive as much as 50,000 yuan, the Journal Reported.

The pilot program will begin this year in five cities: Shanghai, Hangzhou, Changchun, Shenzen and Hefei. According to the Journal, it’s likely that the subsidies will apply only to vehicles made in China, although that was not yet clear.


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China to Subsidize Electric Cars and Hybrids

The Chinese government appears determined to electrify transportation, and it is putting money in place alongside its rhetoric.

To that end, the Chinese Ministry of Finance announced on Tuesday a pilot program in five cities to subsidize the purchase of electric and hybrid cars. It is unclear when the program will begin.

According to Xinhua, the official Chinese news agency, consumers in those urban areas will be able to get up to around $8,785 off the price of a battery car and about $7,320 off plug-in hybrids. The money will be paid directly to carmakers, which will reduce the vehicle price accordingly, the government said.

Nationwide, consumers will be able to access a much smaller subsidy of $439 if they buy fuel-efficient cars with engines under 1.6 liters.

Reuters reported that the government would subsidize the construction of charging stations and battery recovery networks in the five cities: Shanghai, Shenzhen, Hangzhou, Hefei and Changchun.

Directly subsidizing purchases could “jump start” the electric vehicle market in China, said Craig Giffi, an analyst at Deloitte.

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