22 Aug '11, 9pm

China having battery-powered doubts, Pike offers cautionary forecast

China having battery-powered doubts, Pike offers cautionary forecast Despite tax incentives, Chinese consumers don't want Chinese-made plug-ins Mainstreaming electrification is going to take longer than advocates will want to admit Some in China, including communists like Premier Wen Jiabao and even some government agencies, are beginning to have cold feet when it comes to China’s bets on the future of plug-in vehicles, both as a solution to China’s foreign energy dependence, and as a way to make the Chinese auto industry a world leader. Likewise, the latest Pike forecast for hybrids and plug-in vehicles suggests that most government targets for plug-in adoption, such as US and German targets, will fall far short of being met. Overall, Pike is forecasting that hybrids and plug-ins will achieve a worldwide market penetration of 13.9 million units by 2017, led by hybrids, an...

Full article: http://www.hybridcarblog.com/china-having-battery-powered...

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The Battery of the Future via @greentechmedia

The Battery of the Future via @greentechmedia

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