Mindful of the ecological toll that gasoline and diesel engines exact on the environment, the Chinese government is pressing forward with plans to build 1 million electric vehicles a year by 2020. China’s government plans to spend 100 billion yuan ($15 billion) in the next 10 years to subsidize the effort, which includes building plants and infrastructure to accommodate green vehicles.
Continue reading China Spending $15 Billion on Electric Car Project
China Spending $15 Billion on Electric Car Project originally appeared on DailyFinance on Mon, 18 Oct 2010 16:05:00.
Filed Under: Energy, Technology, Economy, Green, Autos