23 Jul '14, 4pm

China decrees 30 percent of new government vehicles will plug in

China decrees 30 percent of new government vehicles will plug in

Maybe Warren Buffett's bet on Chinese electric-vehicle maker BYD will pay off after all. That's because the Chinese government just made a commitment to buy lots of advanced-powertrain vehicles through its government-vehicle system in an effort to address the notorious pollution problem in China's largest cities, the Associated Press says, citing China's Xinhua News Agency. China is committing to have at least 30 percent of its new government vehicles to be either plug-in vehicles, including battery electrics and plug-in hybrids, or zero-emissons vehicles like hydrogen fuel-cell and solar-powered vehicles. That 30-percent rate will run from this year to 2016, after which it will go higher. Heady stuff for the world's largest vehicle market. In 2012, the China State Council passed the New Energy Automobile Industry Development Plan, which set a goal of having a half-million...

Full article: http://green.autoblog.com/2014/07/23/china-decrees-30-per...

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