China to Subsidize Alternative Energy Cars

China is subsidizing alternative- energy cars in five cities to increase their attractiveness for buyers to reduce reliance on fossil fuels and improve air quality. The government will provide as much as 50,000 yuan ($7,320) for purchases of plug-in hybrid models, which run partly on gasoline, and as much as 60,000 yuan for cars powered only by batteries, a statement on the Ministry of Finance's website said today. China, which became the world's biggest car market last year, aims to increase the annual production capacity of alternative-energy vehicles to half a million units by 2011 as part of efforts to cut oil imports and rein in pollution.

Comments (0)

This post does not have any comments. Be the first to leave a comment below.


Post A Comment

You must be logged in before you can post a comment. Login now.

Featured Product

Iron Edison Lithium Iron Battery

Iron Edison Lithium Iron Battery

The Iron Edison Lithium Iron solar battery is fully compatible with popular battery-based inverters and is housed inside a rugged steel enclosure with integrated Battery Management System. Standard capacities range from 2 kWh to 42 kWh, with custom high-capacity and high-voltage models available for commercial applications like peak load shaving and UPS. The battery is designed and assembled at the company's headquarters just outside of Denver, Colorado. The Iron Edison Lithium Iron battery is an ideal replacement for lead-acid battery, with longer cycle life, smaller footprint, and maintenance-free operation. Residential applications include solar battery backup, grid-zero and off-grid energy storage. Commercial applications include high voltage battery backup, off-grid telecommunications power and peak load shaving. If you have any questions, please call us at 720-432-6433. We are happy to help!