26 Aug '14, 3pm

China to Mull $16 Billion for Electric Vehicle Chargers

BEIJING -- China is considering providing as much as 100 billion yuan ($16 billion) in government funding to build more charging facilities and spur demand for electric vehicles, according to two people familiar with the matter. The policy will be announced soon, said the people, who asked not to be named because the discussions are private. The people declined to provide further details of the plan such as how long the program would last or whether the chargers would be compatible with cars made by Tesla Motors Inc. Increased state funding would be a tailwind for carmakers coping with consumer concerns over the price, reliability and convenience of electric vehicles. It would also build on efforts by China, the world’s biggest carbon emitter, to fight pollution and cultivate its local EV industry, which includes BYD Co. and Kandi Technologies Group Inc. “Charging infrastr...

Full article: http://www.renewableenergyworld.com/rea/news/article/2014...

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China to Mull $16 Billion for Electric Vehicle ...

renewableenergyworld.com 26 Aug '14, 2pm

BEIJING -- China is considering providing as much as 100 billion yuan ($16 billion) in government funding to build more ch...

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