28 Jul '11, 4pm

Why Chinese policy favors EVs over hybrids

Why Chinese policy favors EVs over hybrids

Why Chinese Policy Favors EVs Over Hybrids Published July 28, 2011 By Jeff Cobb Insights as to why the Chinese are favoring battery electric vehicles over hybrids were recently offered by a Beijing-based auto publication. China Car Times observed that the Chinese government is pushing heavily for “new energy cars” over hybrids because Chinese industry will likely never catch up to the technology offered by European, American or Japanese cars. For this reason a carrot-and-stick incentive policy is heavily weighted toward developing EVs, leaving hybrids about as unwanted as a second child in the eyes of central planners. Presently, a private buyer can offset an EV purchase by as much as 60,000 Yuan ($9,314) in subsidies from the central government and possibly more by other locally offered subsidies, the editorial said. In contrast a more-practical hybrid buyer can get 3,000...

Full article: http://www.hybridcars.com/news/why-chinese-policy-favors-...

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